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Exit barriers low or high in pharmaceutical industry?
what are the entry barriers in pharmaceutical industry?
What are the Barriers to entry of hotel industry?
to many hotels
An expiration of a major industry patent would A increase barriers to entry B decrease barriers to entry C leave barriers to entry unaffected D increase supplier power E decrease supplier power?
E. decrease supplier power
Types of profits in the long run in oligopoly?
Supernormal profits due to high barriers to entry. Profits in the long run are determined by the barriers to entry. If there is high barriers to entry, new firms cannot enter the industry easily and hence cannot competed with existing firms for profits. Existing firms would be able to enjoy supernormal profits. On the contrary, weak barriers to entry means that the long run profits would be competed away by new firms entering the industry, hence firms would earn normal profits. Oligopoly market is characterised by high barriers to entry, largely due to non-price competition such as branding, advertising, etc. High barriers could also be due to economies of scale and high fixed cost.
Describe the barriers to entry to a market and explain how they affect market structure?
Barriers to entry vary between markets. Some barriers to entry include money, governmental regulations and competitors. Most businesses will structure their businesses to exploit barriers to entry and make it hard for others entering to compete.
What do you mean by barriers to enter and barriers to exit from an industry?
security barriers
What is an example of a competitive industry and why is it competitive?
The smartphone production industry is one of the most highly competitive industries in the US at this time. The main competitors include Apple (iPhone), Research in Motion (Blackberry), and Palm (Treo), along with other competitors as well. The definitive explanation of the level of competition in an industry has been presented by Michael Porter. The amount of competition in an industry can be determined and described according to the the following: 1)barriers to entry into the industry, 2) available substitutes for the products produced by the industry rivals, 3) the power of the industry rivals over their customers, and 4) the power of the industry rivals' suppliers over the industry rivals.
Conditions that prevent the entry of new firms in a monopoly market are?
Barriers to entry.
What are a characteristic of a monopoly?
low barriers to entry
What are the characteristic of a monopoly?
low barriers to entry
Why Google still not stands in smartphone industry a part from this aspect that have a monopoly on android and android supply to all the smartphone company?
Why google still not stands in smartphone industry a part from this aspect that have a monopoly on android and android supply to all the smartphone company.
What are the characteristic of a market structure?
· Two firms in the industry · Strong control over price. · Uses Non price competition to compete · Very strong Barriers to entry
