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What effect can technology have on perfect competition?

Technology can become a barrier to entry for producers


What are the key drivers of globalization?

market, cost, technology, government and competition.


What does tecnology do?

Technology is a way of creating inventions for example like wheel barrow peole invented that we cant do nothing without technology


What best describes the market structure of a monopoly?

A monopoly is when a market has many buyers but only one seller.


Why home countries oppose export of technology?

Technology is very important in determining the size and scope of an industry. Home countries oppose export of technology because this would provide their trade secrets to other countries. Technology defines the quality of a product manufactured. Exporting the technology used in home country is not viable because this way the countries lose their comparative advantage to other firms. When other countries would have the same technology they would be able to make the same products. This way there would be less and less demand of products made by home country because it would be readily available in the market.That is why technology is considered as the barrier to entry in an industry. The international market is very demanding and complex. It is not very easy to understand its mechanism. Product decisions are made considering various different things such as technology, level of similar products internationally, product quality, international standards compliance etc.

Related Questions

What effect can technology have on perfect competition?

Technology can become a barrier to entry for producers


How can competition act as a barrier to disperal?

Because of your mom


How can competition act as barrier to dispersal?

because of Miley Cyrus


Why was technology seen as a barrier?

Because kyle mcdougall said so..... :)


How can technology be both simple and complex?

Well Technology is transferable, it can applied to new situations


How is technology make your life complex?

As technology changes your mind thinks better and better.


What are the key drivers of globalization?

market, cost, technology, government and competition.


Is a spin off a type of technology or cycling competition?

A spin-off is something that is derived from something else.


How technology has changed the basis of competition?

it has shortened the lifecycles leading to faster obsolescence


What processor chip is the cutting technology?

AMD and Intel are in a cutting throat competition.


What is cultural complex with easy examples?

technology in the united states


How have global competition and technology advances changed business conditions and leadership challenges?

As competition and technology have changed and become more complex, business leaders have to become more technologically savvy in order to keep their business functioning and in the mainstream. This means being more competitive, being ahead of the game technologically, especially in certain industries, and being willing to completely change your game plan if need be to keep up with the ever change business world.