Question

which of the following can be thought as a barrier to entry in economics
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Answer 1

Explanation:

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Answer 2

Common barriers to entry include the special tax benefits to existing firms, strong brand identity, customer loyalty etc.

• For new enterprises, the potential obstructions due to which it is tough for them to penetrate in a given active market represent key barriers.
• Entry barriers favour already functioning enterprises as they properly preserve their trade portion and considerable capacity to generate sales and potential profits.
• Patent security, brand recognition, consumer honesty, and high customer transfer costs are common barriers.  Other challenges include the specific need for new businesses to typically obtain, prior to service, exclusive licences or regulatory clearance.