All of the following are considered input barriers to entry except:(A) control of a key raw material by a single firm.(B) the ab

Question

3 years ago

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All of the following are considered input barriers to entry except:(A) control of a key raw material by a single firm.(B) the ab

ility to obtain financing for capital projects at more favorable rates than potential competitors.(C) the fact that workers in a particular industry belong to a union.(D) a patent on a specialized type of capital that is needed to produce a particular product

Business

1 answer:

padilas [110] · Answer 1 · 2022-03-06T23:58:50+03:00

Answer:

(C) the fact that workers in a particular industry belong to a union.

Explanation:

All other options are considered as possible entry barriers because they may put hindrance for an entrepreneur to enter the field of producers . The fact that workers of a particular industry belong to a union because role of union comes only when industry starts functioning . It can not play any role at the start of an industry.