Respuesta :
Entry barriers are restrictions imposed on new firms or market entrants.
A barrier cost is an economic term that refers to high initial costs that limit or prevent other industry competitors from entering the market. Other companies find it difficult to compete due to these barriers or restrictions. They can be
a). Government Regulation - The government may impose numerous restrictions on the establishment of a new business. This could be due to a licensing requirement or a limitation in resource availability.
b) Economies of scale - These are production efficiencies that occur when a company grows and is able to cover the entire market at a lower cost than many smaller firms producing the same product in smaller quantities. One company's production costs are lower than those of many others.
To learn more about barrier costs, here
https://brainly.com/question/25461773
#SPJ4
