Which of the Following Would NOT Be a Barrier to Entry

question 9

Multiple Choice

Which of the following would NOT be a barrier to entry for a particular market?

• A) Ownership of a patent
• B) Low cost of obtaining initial capital
• C) The presence of economies of scale
• D) Government regulation

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Definitions:

Dichotomous

Refers to something divided or dividing into two parts or classifications, often seen in data collection methods where responses are binary.

Household Demographic

Information about the characteristics of individuals living in a household, such as age, income, education level, and employment status.

Fast-Food Market

The sector of the food industry that specializes in providing quick service and convenient food options to consumers.

Prospective Consumers

Individuals who are considered potential customers for a product or service, having been identified as within the target market.