Economies of scale, absolute cost advantages, high capital start-up costs, and access to channels of distribution are all examples of "barriers to entry".
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Q40: Value is created when:
A)The price that the
Q41: Concentration in an industry is frequently measured
Q42: An industry's current profitability:
A)On its own tends
Q43: In a contestable market there does not
Q44: The relative bargaining power of buyers depends
Q46: Excess capacity often leads firms to cut
Q47: For a specific product or service, the
Q48: Changing the industry structure is:
A)Not really within
Q49: Given the plethora of external influences, understanding
Q50: Understanding the external environment of a firm
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