Which of the Following Is a Barrier to Entry

question 60

Multiple Choice

Which of the following is a barrier to entry?

• A)patents and licenses
• B)buyers' incomes
• C)close substitutes
• D)diminishing marginal returns

---

Definitions:

Promoters

Individuals or entities that take the initiative in founding and organizing a business or corporation, often responsible for its early management and securing of initial capital.

Incorporation Process

The legal procedure through which a business entity is formed and recognized as a corporation under the law, providing it with certain legal rights and protections.

Capital

Financial assets or resources owned by an individual or organization, used for investment or production.

Corporate Bylaws

Detailed rules adopted by a corporation governing its operations, including the rights and responsibilities of shareholders and directors.