Asked by Abigail Costiniano on Jun 11, 2024

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Each of the following is a legal barrier to entry into an industry except

A) licensing.
B) patents.
C) government franchises.
D) brand names.

Legal Barrier

Any law or regulation that limits or controls the entrance of a firm into an industry or the launch of a new product.

Licensing

A regulatory process that allows individuals and companies to operate legally in a professional field or to sell particular goods and services.

Patents

Legal rights granted to inventors to exclusively exploit their inventions for a certain period.

  • Investigate the economic reasons supporting the existence of patents and monopolies authorized by the government.
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MO
M O L E Y Y Y Y YJun 14, 2024
Final Answer :
D
Explanation :
Brand names may create a competitive advantage for established firms, but they are not a legal barrier to entry as anyone can start their own brand. Licensing, patents, and government franchises all involve legal permission or protection granted by a governing entity, which can restrict entry into an industry.