According to the text, grass mowing, T-shirt production, and potato farming are examples of firms
A) that regularly advertise to increase market share
B) whose markets are highly seasonal
C) with high production differentiation
D) with high brand loyalty
E) with no barriers to entry

Question

Quizplus · Accepted Answer

Grass mowing, T-shirt production, and potato farming are examples of industries with low barriers to entry, meaning it's relatively easy for new firms to start operations in these fields due to minimal regulatory, financial, or technological hurdles.

According to the Text, Grass Mowing, T-Shirt Production, and Potato