Which of the following constitutes a barrier limiting the entry of potential competitors into a market?

A) diseconomies of scale
B) an elastic market demand for the product produced by the industry
C) control over an essential resource
D) a perfectly elastic demand curve

Diseconomies of Scale

A situation in which a firm's production costs increase as it produces more, leading to less efficiency.

Essential Resource

A resource deemed vital for the survival of an organism, community, or operation, whose absence can lead to severe negative impacts.

Elastic Market Demand

Describes a market situation where the quantity demanded of a good or service significantly responds to changes in its price.