All of the following are considered input barriers to entry except:
A)control of a key raw material by a single firm.
B)the ability to obtain financing for capital projects at more favorable rates than potential competitors.
C)the fact that workers in a particular industry belong to a union.
D)a patent on a specialized type of capital that is needed to produce a particular product.

Question

Quizplus · Accepted Answer

Unionization of workers does not constitute an input barrier to entry in the same way that control of raw materials, favorable financing, or patents do. These barriers directly affect a firm's ability to access necessary inputs or resources at a competitive cost, whereas unionization primarily affects labor costs and conditions, which are not exclusive access issues to inputs or technology.

All of the Following Are Considered Input Barriers to Entry