Forces that keep new competitors out and provide a level of protection for existing competitors are called _____.

Question

Quizplus · Accepted Answer

Entry barriers are mechanisms and factors that prevent or deter the entry of new competitors into an existing market, thereby providing a level of protection for the firms already operating within that market. These can include things like high capital requirements, economies of scale, product differentiation, and regulatory policies.

Forces That Keep New Competitors Out and Provide a Level