Which of the following is an example of a barrier to entry?
A. A firm is open for business only at certain hours of the day, and has its doors locked at other times.
B. The government grants licenses to taxicab drivers, without which it is illegal to operate a taxicab.
C. A newspaper sells advertising space to businesses.
D. Lack of a website.
Answer:B
Which of the following is an example of a barrier to entry?
A. A firm is open for business only at certain hours of the day, and has its doors locked at other times. B. The government grants licenses to taxicab drivers, without which it is illegal to operate a taxicab. C. A newspaper sells advertising space to businesses. D. Lack of a website.