The threat of competitors' entering the automobile manufacturing industry is _____ because barriers to entry are so _____.
A) low, low
B) high, high
C) high, low
D) low, high

Question

Quizplus · Accepted Answer

The threat of competitors entering the automobile manufacturing industry is low because barriers to entry are high. High barriers to entry, such as significant capital requirements, technology, and regulatory compliance, make it difficult for new competitors to enter the market.

The Threat of Competitors' Entering the Automobile Manufacturing Industry Is