Which of the following is not an example of a barrier to entry?
A)Ruby's Mining Company owns a unique plot of land in Utah, under which lies the only large deposit of Red beryl in the world.
B)A pharmaceutical company obtains a patent for a specific allergy medication.
C)A musician obtains a copyright for her original song.
D)An entrepreneur opens a popular new restaurant.

Question

Quizplus · Accepted Answer

Barriers to entry are obstacles that make it difficult for new competitors to enter a market. Owning unique resources (A), holding patents (B), and copyrights (C) are all examples of barriers to entry because they legally or practically restrict competition. Opening a new restaurant (D), however, does not inherently create a barrier to entry for others; it's a business venture that does not prevent new competitors from entering the market.

Which of the Following Is Not an Example of a Barrier