Question

Give an example of a market for a specific good or service in which firms face high barriers to entry. What are the barriers to entry that this market exhibits? Explain your answer with appropriate detail.

You will be graded according to the following criteria:

• Providing a substantive response of not less than 75 words, demonstrating you have given serious thought to the post.
• Applying economic concepts when applicable.
• Meeting college level writing expectations (proper grammar, punctuation, stylistically sound, etc.).

Answer 1

Give hkat a per tissu e Product Diffexentiatonis makes difficuH Enter. potena Ent Some hoK), have seNcome consumexs na usa ncinatonidetify Seues rancd nane tk te Product Instituto na ! *) Barriers,' ← -gover n ment franchise. 9 ht .

C2 כ Economic Bari eva, Cost of ta nestmert s loo hig h in many ca.ted