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Author Question: What is a legal barrier to entry? What will be an ideal ... (Read 59 times)

jazziefee

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on: Jun 29, 2018
What is a legal barrier to entry?
 
  What will be an ideal response?

Question 2

What reasons do governments often give to justify the decision to not allow price to ration goods?
 
  What will be an ideal response?


ttt030911

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A legal barrier to entry arises when entry is restricted because a natural resource is owned by one person or the government has granted a franchise, patent, license or copyright to one person or firm.

Answer to Question 2

(1.) Price gouging is bad.
(2.) Income is unfairly distributed.
(3.) Some items are necessities and thus everyone should be able to afford them.


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