The likelihood of new entrants joining an industry is low if capital requirements to enter the industry are high because:
A) new entrants struggle to match incumbents' prices.
B) this discourages customers from buying a new entrant's offerings.
C) new entrants struggle to gather enough cash to get started.
D) each incumbent has a group of loyal customers that enjoy its unique features.
E) new entrants struggle to get their offerings to customers.
Correct Answer:
Verified
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