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1. Classify the following as a government-enforced barrier to entry; a barrier to entry that is not government-enforced; or a situation that does not create

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1. Classify the following as a government-enforced barrier to entry; a barrier to entry that is not government-enforced; or a situation that does not create a barrier to entry (2 points): A) B) 0 D) E) F) G) H) 1) ) A patented invention: government-enforced barrier to entry A popular but easily copied restaurant recipe: does not create a barrier to entry An industry where economies of scale are very small compared to the size of demand in the market: does not create a barrier to entry A well-established reputation of slashing prices in response to new entry: a barrie to entry that is not government-enforced A well-respected brand name that has been carefully built up over many years: a barrier to entry that is not government-enforced A city passes a law on how many licenses it will issue for taxicabs: a government- enforced barrier to entry A city passes a law that all taxicab drivers must pass a driving safety test and have insurance: does not create a barrier to entry (under the assumption that it is easy ti get insurance and pass a driving safety test) A well-known trademark: government-enforced barrier to entry Owning a spring that offers very pure water: does not create a barrier to entry An industrv where economies of scale are verv large combared to the size of

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