BlackBerry Limited (formerly known as Research In Motion)had 16,000 apps for BlackBerry devices available in January of 2011.By January of 2012 over 60,000 apps were available, climbing to over 70,000 in February that same year.There were over 105,000 apps by September of 2012.This is an indication that in a competitive market

Question

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The increasing number of apps available for BlackBerry devices over a relatively short period of time suggests that the market is open to new firms and competition is not heavily restricted. The ease with which new apps can be developed and added to the app store indicates a low barrier to entry for new firms in the market. Therefore, option B, which states that the ease at which a new firm can enter a competitive market is high, is the best answer.

BlackBerry Limited (Formerly Known as Research in Motion)had 16,000 Apps