An experience curve can deter entry to an industry because some incumbents achieve low per-unit costs through the cumulative volume of production.

Name: An experience curve can deter entry to an industry because some incumbents achieve low per-unit costs through the cumulative volume of production.
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Question

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An experience curve can deter entry because incumbents with more production experience can achieve lower costs, making it difficult for new entrants to compete on price.

An Experience Curve Can Deter Entry to an Industry Because