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  • Card 13 / 31:
    Classify the following as a government-enforced barrier to entry, a barrier to entry that is not government-enforced, or a situation that does not involve a barrier to entry.

    A patented inventionA popular but easily copied restaurant recipeAn industry where economies of scale are very small compared to the size of demand in the marketA well-established reputation for slashing prices in response to new entryA well-respected brand name that has been carefully built up over many years

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Source:  OpenStax, Openstax microeconomics in ten weeks. OpenStax CNX. Sep 03, 2014 Download for free at http://legacy.cnx.org/content/col11703/1.2
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