Asked by EEEEEEEEEEEEEEEE
Which of the following is a barrier to entry that might be faced by a firm?(1 point)
Responses
shortage
shortage
a high market equilibrium price
a high market equilibrium price
low input prices
low input prices
licensing requirements
Responses
shortage
shortage
a high market equilibrium price
a high market equilibrium price
low input prices
low input prices
licensing requirements
Answers
There are no human answers yet.
Answered by
GPT-4o mini
The correct response is:
**licensing requirements**
Licensing requirements can serve as a barrier to entry for new firms trying to enter a market, as they may need to obtain specific licenses or permits before they can operate legally.
**licensing requirements**
Licensing requirements can serve as a barrier to entry for new firms trying to enter a market, as they may need to obtain specific licenses or permits before they can operate legally.
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