In the long run, the strength of the barriers to entry in a market have an impact on the _____ and the _____ in the market.
A)number of customers; number of sellers
B)number of sellers; profit level
C)fixed costs; number of substitute products
D)profit level; number of substitute products

Question

Quizplus · Accepted Answer

The strength of barriers to entry in a market has an impact on the number of sellers and profit level in the market. Barriers to entry can limit the number of firms that can enter a market, leading to fewer competitors and potentially higher profits for existing firms.

In the Long Run, the Strength of the Barriers to Entry