Question

As a barrier to new entry, absolute cost advantages can be based on Group of answer choices control over low-cost inputs required for production, be they labor, materials, equipment, or management skills. the unique ability of established companies to spread fixed costs over a large volume. continuous advertising of brand and company names. high product quality, service-oriented innovations, and good after-sales service. cost reductions that arise from the mass production of standardized output.

Answer 1

As a barrier to new entry, absolute cost advantages can be based on: Control over low-cost inputs required for production, be they labor, materials, equipment, or management skills.

What is a Barrier to Entry ?

In theories of competition in economics, a barrier to entry, or an economic barrier to entry, is a fixed cost that must be incurred by a new entrant, regardless of production or sales activities, into a market that incumbents do not have or have not had to incur.

Barriers to entry, in economics, obstacles that make it difficult for a firm to enter a given market. They may arise naturally because of the characteristics of the market, or they may be artificially imposed by firms already operating in the market or by the government.

Barrier to entry is a high cost or other type of barrier that prevents a business startup from entering a market and competing with other businesses. Barriers to entry can include government regulations, the need for licenses, and having to compete with a large corporation as a small business startup.

Learn more about Barrier to Entry on:

brainly.com/question/2975624

#SPJ4