Which of the following is NOT an example of barriers to entry? Select one:
a. person who wants to become a teacher must obtain a college degree and pass state tests to become certified to teach.
b. In some countries, laws require liquor stores to not open until 10:00 a.m.
c. A person wanting to own a restaurant must buy food and equipment, rent a building, and hire workers.
d. Water companies must lay miles of pipe before they can serve any customers in a new area of service.

Question

20-07-2022
Social Studies

contestada

Which of the following is NOT an example of barriers to entry? Select one:
a. person who wants to become a teacher must obtain a college degree and pass state tests to become certified to teach.
b. In some countries, laws require liquor stores to not open until 10:00 a.m.
c. A person wanting to own a restaurant must buy food and equipment, rent a building, and hire workers.
d. Water companies must lay miles of pipe before they can serve any customers in a new area of service.

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-07-26T16:45:49+02:00

NOT an example of barriers to entry is In some countries, laws require liquor stores to not open until 10:00 a.m. Option C. This is further explained below.

What are barriers to entry?

Generally, Costs or other hurdles that make it difficult for new rivals to enter a market or line of business are known as barriers to entry.

In conclusion, NOT a good illustration of a barrier to entry Liquor establishments are required by law to open no earlier than 10:00 a.m. in various nations.