Which of the Following Can Serve as an Entry Barrier

question 135

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 the above are correct.

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Definitions:

Individualism

A social theory favoring freedom of action for individuals over collective or state control.

Conformity

Adjusting our behavior or thinking to coincide with a group standard.

Basic Trust

A concept introduced by Erik Erikson referring to an essential feeling of trust towards the world, developed during the first year of life.

Identity

A person's sense of self, defined by their individual characteristics, beliefs, and relationships with others.