Justworking2133 Justworking2133

04-11-2022
Business

Answered

which of the following is not an example of a barrier to entry? a. mighty mitch's mining company owns a unique plot of land in tanzania, under which lies the only large deposit of tanzanite in the world. b. a pharmaceutical company obtains a patent for a specific high blood pressure medication. c. an entrepreneur opens a popular new restaurant. d. a musician obtains a copyright for her original song.

Answer :

YashikaChoudhary YashikaChoudhary

08-11-2022

C. An Entrepreneur opens a popular new restaurant is the correct choice

What are Artificial entry barriers?

Artificial entry barriers are those that are a direct result of previous enterprises' actions. Barriers related to pricing, brand, switching fees, and consumer loyalty are frequently involved in this.

Opening a new restaurant does not act as a barrier to entry because it does not prevent any company from entering the market.

A barrier to entry, also known as an economic barrier to entry, is a fixed cost that a new entrant into a market must pay independent of production or sales activity that incumbents do not have or have not previously had to pay.

To learn more about market barriers, click the links

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