1
answer
0
watching
122
views
skyturtle371Lv1
28 Sep 2019
Are competitive pressures present in markets with high barriers to entry? How will high entry barriers into a market influence:
a. the long-run profitability of the firms in the market
b. the cost efficiency of the firms
c. the likelihood that some inefficient (high cost) firms will survive
d. the incentive of entrepreneurs to develop substitutes for the product supplied by the firms
Are competitive pressures present in markets with high barriers to entry? How will high entry barriers into a market influence:
a. the long-run profitability of the firms in the market
b. the cost efficiency of the firms
c. the likelihood that some inefficient (high cost) firms will survive
d. the incentive of entrepreneurs to develop substitutes for the product supplied by the firms
Romarie Khazandra MarijuanLv10
28 Sep 2019