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A Barrier to Entry Is a Condition That Prevents Customers

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A barrier to entry is a condition that prevents customers from using a firm's products or services.


Definitions:

Import

These are goods or services brought into one country from another for sale or use.

Quota

A government-imposed trade restriction limiting the number or value of goods that can be imported or exported during a specific time.

Period of Time

A specific duration or interval at which certain events or observations are measured or occur.

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity of that good that producers are willing to supply.

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