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Why would anyone want to enter a profitable industry knowing that profits would eventually be eliminated by competition?

Anonymous

∙ 13y ago

Updated: 4/28/2022

It is not certain that anyone's profits will eventually be eliminated by competition; it is in the nature of competition that you have a chance of winning, as well as a chance of losing. And lots of people enjoy competition.

Wiki User

∙ 13y ago

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What was the first profitable industry for the French in Canada?

The fur trade was the first profitable industry for the French in Canada.

Who made the western cattle industry profitable?

Ranchers made the western cattle industry profitable. They did this by selling and raising cattle for food and agricultural purposes.

What is the most profitable industry in the world?

Weapons/military sales

What is a competition brief in the media industry?

no

What happens if competition decreases in a certain industry?

Competition helps to keep the quality high and prices down. If competition decreases, the quality can go down and the prices can go up in that industry.

Related Questions

Has cable television been a profitable industry?

Cable TV Industry Yes, cable TV has been a profitable industry. Its margins are now being cut by increased competition from satellite TV companies like dish and DirecTV along with the rise of streaming services like Netflix and Hulu.

What was the first profitable industry for the French in Canada?

The fur trade was the first profitable industry for the French in Canada.

What is Vietnam profitable industry?

farming

When a industry or business has no competition?

A monopoly is an industry or business having no competition.

What is the most profitable industry in Africa?

mining

What is Vietnam most profitable industry?

farming

Who made the western cattle industry profitable?

Ranchers made the western cattle industry profitable. They did this by selling and raising cattle for food and agricultural purposes.

Allowing competition in the power industry?

Baseload plants allow competition in the power industry.

What is the single most profitable industry in Alaska?

Oil.

What methods to Andrew Carnegie use to build his industry?

Andrew Carnegie used horizontal integration. He bought out his competition through this technique making his business more profitable.

Which northeastern industry was the most profitable in the mid-1800s?

Textiles

What is the most profitable industry in the world?

Weapons/military sales

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