Billy recently invented and in that case patented a motorized flying skateboard which transports people to and from their destinations in less than half the time this would take to ride or drive a bus. Billy is protected from competition from a: (1) regulatory barrier to entry. (2) market power barrier to entry. (3) natural monopoly barrier to entry. (4) economies of scale. (5) strategic barrier to entry.
Hello guys I want your advice. Please recommend some views for above Economics problems.