Which of the following is not an example of a barrier to entry?
A)Mighty Mitch's Mining Company owns a unique plot of land in Tanzania, under which lies the only large deposit of Tanzanite in the world.
B)A chemist receives a patent for a new skin cream.
C)An entrepreneur opens a cupcake bakery.
D)A taxi cab driver in New York City obtains a license to legally provide transportation in New York City.

Question

Quizplus · Accepted Answer

Opening a cupcake bakery is not an example of a barrier to entry as there are no significant obstacles preventing others from entering the cupcake bakery market. The other options represent barriers to entry, including ownership of a unique resource (A), obtaining a patent (B), and obtaining a license in a highly regulated industry (D).

Which of the Following Is Not an Example of a Barrier