Question

high initial costs, licenses, start-up fees and government regulation are all examples of .

Answer 1

High initial costs, licenses, start-up fees and government regulation are all examples of  barriers to entry or exit.

What is barriers to entry or exit?

A barrier to entry  can be described as  something  that can cause obstacles or impedes the ability  that is been attributed to a company (competitor) when trying to be part of the  industry.

It should be noted that a barrier to exit  serves as something that  obstruct the capability of  of a company (competitor) to go out of  industry, hence High initial costs, licenses, start-up fees and government regulation are all examples of  barriers to entry or exit.

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