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LSDefine

Simple English definitions for legal terms

barrier to entry

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A quick definition of barrier to entry:

A barrier to entry is something that makes it hard for a new business to enter a market and compete with existing businesses. This could be because of rules or regulations that make it difficult to start a business, or because it costs a lot of money to get started. Basically, it's like a big wall that stops new businesses from coming in and competing with the ones that are already there.

A more thorough explanation:

A barrier to entry is an economic factor that makes it difficult for a new business to enter a market and compete with existing businesses. This can be due to various reasons such as:

  • High start-up costs
  • Regulatory limitations on entry
  • Patents or copyrights
  • Brand recognition and customer loyalty

For example, the pharmaceutical industry has high barriers to entry due to the extensive research and development required to bring a new drug to market. Additionally, the existing pharmaceutical companies have patents on their drugs, which prevent new companies from producing the same drug.

Another example is the airline industry, which has high start-up costs due to the need for expensive equipment and infrastructure. This makes it difficult for new airlines to enter the market and compete with established airlines like Delta or United.

Overall, barriers to entry can limit competition in a market and give established businesses an advantage over new entrants.

barrator | barring of entail

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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