0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
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
What are 5 major industries in the Midwest?
Customers - eg. relative bargaining power of customers Suppliers - eg. relative bargaining power of suppliers Competitors Substitutes and degree of substitutes Ease of entry - eg. entry barriers such as government licenses required
What has the author Maurice K McMonagle written?
Maurice K. McMonagle has written: 'International market entry strategies among Irish automotive component manufacturers' -- subject- s -: Automobile supplies industry, Automobile industry and trade
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.
Who was the captain of automobile industry?
Henry Ford was captain of the automobile industry
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 automobile industry?
an industry is a type of business, like the automobile industry. they make automobiles, or cars
Pestel analysis of Pakistan automobile industry?
pestle analysis of Pakistan automobile industry
Give solution to er diagram of automobile industry?
er digram for automobile industry
