In industries that face high barriers to entry, firms are more likely to:
A)Be more intense in their attempts to compete abroad.
B)Avoid competing in foreign markets.
C) Ignore economies of scale.
D) All of the above.

Question

In industries that face high barriers to entry, firms are more likely to:
A)​Be more intense in their attempts to compete abroad.
B)​Avoid competing in foreign markets.
C) ​Ignore economies of scale.
D) ​All of the above.

Quizplus · Accepted Answer

Industries with high barriers to entry often seek international markets to expand their customer base and achieve economies of scale, making them more intense in competing abroad.

In Industries That Face High Barriers to Entry, Firms Are