Barriers to entry

Discuss ways firms establish barriers to entry and explain how they benefit firms but not consumers. Give an example of a law or regulation that limits the ability of firms to establish barriers to entry and an example of a law or regulation that helps firms establish barriers to entry.There could be multiple reason as to why firms would like to have barriers to entry in place,however the most common reasons are creating a cartel to make non-ethical profits or to ensuresurvival…