Which of the following is a characteristic of cnidarians?

Which of the following is a characteristic of cnidarians?

A) mesoderm

B) bilateral symmetry

C) radula

D) an anus

E) gastrovascular cavity

Answer: E) gastrovascular cavity

Industry entry barriers are those which limit the entry of new firms or players into a certain market or domain. These can come in the form of the limited availability of land or resources, very high initial costs that call for high levels of risks capital, or restrictions from the government that come in the form of licensing hence legal formation. However, price is not among the basic obstacles to entry into the market, so the company’s costs are not high. Rather, the element of low-cost offers rent to new entrants and allows them to give products or services at a lesser price compared to the existing firms. This cost advantage is advantageous when new businesses will be entering the market and will have an opportunity to grab a market share of the existing companies by competing with them on price.