An exit barrier is anything that is an impediment to excess capacity leaving an industry.

Name: An exit barrier is anything that is an impediment to excess capacity leaving an industry.
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An exit barrier can be anything that makes it difficult or costly for firms to exit an industry, such as high exit costs, specialized assets, high unemployment costs, social obligations, or legal restrictions. It can prevent excess capacity from leaving the industry and lead to lower profits for all firms involved.

An Exit Barrier Is Anything That Is an Impediment to Excess