How will high entry barriers into a market influence (a), Ask an Expert

Economics

How will high entry barriers into a market influence

(a) the long-run profitability of the firms

(b) the cost efficiency of the firms in the industry

(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?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9696898

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