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From course:

Economics A Level (DONEEEEEEE)

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Question:

How can Barriers to Entry occur from Government Regulation?

Author: eric_galvao



Answer:

-If Licensing is Needed from the Government, then the Number and Speed to Enter the Market is Reduced (Pubs, Food, Banking via Regulator) -New Factories need a Planning Permission -Regulations on Health and Safety and Working Conditions that Firms need to keep up with - Costs go up


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