If the ABC company owns the exclusive rights to mine land in Afghanistan for Lapis Lazuli, a rare stone used in jewelry which is found only in Afghanistan, the company benefits from a barrier to entry.

Question

Quizplus · Accepted Answer

ABC company's exclusive rights to mine Lapis Lazuli in Afghanistan create a barrier to entry by preventing other companies from accessing and mining this rare stone in the region, thus limiting competition.

If the ABC Company Owns the Exclusive Rights to Mine