Which of the following is not a barrier to entry?
A) patents
B) X-inefficiency
C) economies of scale
D) ownership of essential resources

Question

Quizplus · Accepted Answer

X-inefficiency is not a barrier to entry. It refers to a situation when a firm is producing at a higher cost than it could produce at, due to lack of competition or other reasons. The other options (patents, economies of scale, ownership of essential resources) are all examples of barriers to entry that can limit competition and make it difficult for new firms to enter the market.

Which of the Following Is Not a Barrier to Entry