The likelihood of entry of new competitors is affected by ______ and ______.
A) barriers to entry; expected retaliation of current industry organizations
B) the power of existing suppliers; buyers
C) the profitability of the industry; the market share of its leading firm
D) the demand for the product; the profitability of the competitors

Question

Quizplus · Accepted Answer

Barriers to entry such as government regulations, economies of scale, brand loyalty, and high capital requirements can make it difficult for new competitors to enter the market. Additionally, the expected retaliation of current industry organizations can dissuade potential new entrants.

The Likelihood of Entry of New Competitors Is Affected by ______