The Norwegian laundry detergent industry has one major supplier and few other competitors. Increasing costs as the industry matured caused more and more local producers to drop out of the market. The market leader deterred entrants to the market by ensuring that its product quality was equal to or superior to that of any potential entrant. What type of market structure is the Norwegian laundry detergent industry? Explain your wer.

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The Answer of The Norwegian laundry detergent industry has one major supplier and few other competitors. Increasing costs as the industry matured caused more and more local producers to drop out of the market. The market leader deterred entrants to the market by ensuring that its product quality was equal to or superior to that of any potential entrant. What type of market structure is the Norwegian laundry detergent industry? Explain your wer.

The Norwegian Laundry Detergent Industry Has One Major Supplier and Few