Asked by Toàn Tr?n Khánh on Jul 04, 2024
Verified
All of the following are examples of entry barriers,except
A) Government protection through patents or licensing requirements
B) Strong brands
C) Low capital requirements for entry
D) Lower costs driven by economies of scale
Entry Barriers
Obstacles that make it difficult for new competitors to enter a market.
Capital Requirements
The minimum amount of capital a bank or financial institution must hold as required by financial regulators.
Economies Of Scale
Financial advantages gained by businesses from their operational size, wherein the cost for each unit of production typically falls as the scale expands.
- Recognize factors influencing profit margins despite obstacles to market entry, like alternative products and the pace of industry expansion.
Verified Answer
Learning Objectives
- Recognize factors influencing profit margins despite obstacles to market entry, like alternative products and the pace of industry expansion.
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