as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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provide an example of a situation where a barrier to entry prevents competition.
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an example of a barrier to entry that prevents competition is when a company owns exclusive patents or intellectual property. this prevents other companies from entering the market or from creating a competing product.
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