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1. Network externality is the benefit we get from a single consumer and when it gets to the greater values it makes us, meaning the firm, bigger so the bigger the firm, the bigger the barriers to entry because there will be a firm which does the same job and good at what it does.
What else can I help you with?
What are the entry barriers that act as a potiential threat to new entrants in the market?
what are threats of new entrants
Why perfect market is unrealistic and can not be acheived?
A perfect market is unrealistic because it assumes conditions that are rarely, if ever, met in the real world. Key assumptions include perfect information for all participants, no transaction costs, and a large number of buyers and sellers, all of whom act rationally. In reality, information asymmetry, market power, and behavioral biases often lead to inefficiencies and distortions. Additionally, barriers to entry and externalities further prevent the existence of a perfectly competitive market.
What role does the US government play in the free market economy?
Generally, the US government allows for the market to act unimpeded unless it causes serious social losses. For example, the government intervenes and regulates in cases of lack of competition, imperfect information, dangerous production or distribution, and externalities.
What is monopolistic and restrictive trade practice under mrtp act 1969?
Monopolistic and restrictive trade practices under the Monopolies and Restrictive Trade Practices (MRTP) Act of 1969 in India refer to practices that hinder competition and create monopolies in the market. Monopolistic practices involve a single entity dominating a market, leading to unfair pricing and reduced consumer choice. Restrictive trade practices include actions that limit competition, such as collusion, price-fixing, and exclusive agreements that prevent market entry for other players. The act aimed to promote fair trade and protect consumer interests by regulating such practices.
Four major antitrust laws?
1. sherman Antitrust act 2. Clayton Antitrust Act 3. Federal trade Commision Act 4. Robinson Patman Act
How Himalaya act as a barrier?
Why himalayas are called barrier of India
How can normal flora be a barrier to entry?
Normal flora can be a barrier to entry in several ways. The living bacteria that lives in our bodies wants to stay living there. If another organisim comes along it is going to protect it's territory, so to speak. They have defensive mechanisims to prevent other bacterial intruders from gaining entry to the body.
What is an entry?
An entry is an item inserted in a written record. An entry is also the act of going into an enclosure such as a room or tank.
How can competition act as a barrier to disperal?
Because of your mom
What does entry mean?
an act of going or coming in
What is entry?
An entry is an item inserted in a written record. An entry is also the act of going into an enclosure such as a room or tank.
What is a membranes?
It is a very thin film of a substance that can act as a barrier.
How can competition act as barrier to dispersal?
because of Miley Cyrus
What part of speech is entry?
The word "entry" can function as both a noun and a verb. As a noun, it refers to the act of entering or a way in, such as an entry in a competition or a written record in a journal. As a verb, it is less commonly used and refers to the act of making an entry. In most contexts, however, it is primarily used as a noun.
What networking devices can act as a gateway?
Routers Network + guide to network .... page no. 276
What is the ntworking?
the act of working with a computer network
What effect would a barrier island have on the shoreline of the mainland?
A barrier island has several effects to the shoreline of the mainland. First of all, the barrier island can act as a way to soften the strong waves that could possibly cause sever damage to the mainland shoreline in the absence of a barrier island. Also, a barrier island also can act as a harbor in protecting the marine vessels that are docked at ports on the mainland.
