Which of the Following Can Serve as an Entry Barrier

question 8

Multiple Choice

Which of the following can serve as an entry barrier?

• A)Legal restrictions
• B)Patents
• C)Control of scarce resources or inputs
• D)All of these responses are correct.

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Definitions:

Limited Partner

A partner in a limited partnership whose liability is limited to the amount of her investment.

Statutory Provisions

Specific clauses or sections within a statute (law) enacted by a legislative body, governing various legal matters or actions.

Liability

The state of being responsible for something, especially by law, including debts or legal obligations.

Unlimited Liability

A legal obligation in business where owners are personally responsible for all debts incurred by the business.