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How does free trade tend to benefit society?
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0. Basic Principles of Economics
Introduction to Economics
Multiple Choice
Which of the following is an industry barrier for new entrants in an established market?
A
Abundant access to resources
B
High startup capital requirements
C
Flexible government regulations
D
Low consumer demand
검증된 단계별 안내1
Understand the concept of 'industry barriers to entry,' which are obstacles that make it difficult for new firms to enter an established market.
Identify characteristics that would make entry difficult, such as high costs, strict regulations, or limited access to essential resources.
Evaluate each option: 'Abundant access to resources' would actually make entry easier, so it is not a barrier.
'High startup capital requirements' mean that new entrants need a large amount of money to start, which is a significant barrier.
'Flexible government regulations' reduce obstacles, so they are not a barrier, and 'Low consumer demand' affects market attractiveness but is not a structural barrier to entry.
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