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

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Business

Jakayla Howe

3 July, 23:12

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

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Nathaly Andrade · Answer 1

(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.