what are the entry barriers in pharmaceutical industry?
to many hotels
E. decrease supplier power
Several factors contribute to the dominance of a few major players in the automobile industry oligopoly. These include economies of scale, high barriers to entry, brand loyalty, technological advancements, and strategic alliances. Additionally, government regulations and market demand also play a role in shaping the competitive landscape of the industry.
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
Maurice K. McMonagle has written: 'International market entry strategies among Irish automotive component manufacturers' -- subject- s -: Automobile supplies industry, Automobile industry and trade
Henry Ford was captain of the automobile industry
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.
an industry is a type of business, like the automobile industry. they make automobiles, or cars
security barriers
How do you draw a ER diagram for a automobile industry?
er digram for automobile industry