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    Barriers to Entry: Definition and Examples

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    Barriers to entry help maintain market power and earn positive economic profits. These factors apply to all imperfectly competitive firms. Discuss these barriers and provide real-world examples.

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    Barriers to entry are factors that either prevent or make it prohibitively difficult for new sellers to enter the market. Barriers to entry include:

    - Brand recognition
    Examples: Coca-Cola, McDonald's
    New sellers have difficulty ...

    Solution Summary

    This solution defines barriers to entry and gives specific examples of 6 types of barriers to entry.