Multiple Choice
Which of the following are barriers to entry?
I. Large economies of scale required to be profitable
II. Established brand loyalty
III. Patent protection for the firm's product
IV. Rapid industry growth
A) I and II only
B) I, II, and III only
C) II, III, and IV only
D) III and IV only
Correct Answer:
Verified
Correct Answer:
Verified
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