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.
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
1 answer
1 answer