Which of the following is not an example of a barrier to entry?
A)A soybean farmer is the first in her county to use a new brand of fertilizer.
B)Microsoft obtains a copyright for its Windows operating system.
C)A pharmaceutical company obtains a patent for a new medication to treat migraine headaches.
D)A taxi cab driver in New York City obtains a license to legally provide transportation in New York City.

Question

Quizplus · Accepted Answer

A soybean farmer using a new brand of fertilizer is not an example of a barrier to entry. It may give them a competitive advantage, but it does not prevent or limit others from entering the soybean farming market. The other options (B, C, and D) are examples of barriers to entry, as they create legal or economic obstacles that can prevent or limit competition.

Which of the Following Is Not an Example of a Barrier