Question: Restaurants often succeed or fail based on their physical location. Assume there's a restaurant that happens to be located on the only hill that exists
Restaurants often succeed or fail based on their physical location. Assume there's a restaurant that happens to be located
on the only hill that exists overlooking a small city. In addition, the view of the city from the hilltop at night is widely
considered to be beautiful and highly sought after, so there's usually a long waiting list to get a reservation for dinner.
Which of the barriers to entry would best describe the competitive advantage held by this restaurant? Hint: Only consider
the information above that relates to barriers to entry
Proprietary Resources
Economies of Scale
Supportive Government Policies
High Switching Costs
None of the Above are Correct
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