asked 134k views
5 votes
Which of the following is not an example of barriers to entry?

An entrepreneur who wants to own a clothing store must rent a building, hire workers, and buy clothing to sell.

In some counties, laws require retail stores to be closed on Sundays.

A person who wishes to practice medicine is required to attend medical school, do an internship, and pass a state exam.

Cable companies must lay miles of underground cable before they can serve a single customer in a new market.

asked
User Gabtub
by
9.1k points

2 Answers

4 votes
i believe the answer is in some counties, laws require retail stores to be closed on sundays.
answered
User Albruno
by
7.3k points
3 votes

Answer:

In some counties, laws require retail stores to be closed on Sundays.

Step-by-step explanation:

Barriers to entry are factors which make it difficult for new competitors to enter a market. These are costs or obstacles which do not allow for a smooth incorporation. All of the options but B, specifically show an obstacle for each particular case which does indeed affect an entrepreneur, a future doctor, and a cable company to exercise what they are supposed to do. However, laws forbidding stores to be closed on Sundays does not specifically affect one person or company but everyone, and since not one single store is going to be open, there is no disadvantage for a new store nor advantages for the stores already in business.

answered
User ParoX
by
8.2k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.