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Barriers to Entry

#topic/econ

The factors that prevent new firms from entering a given market.

A market with low barriers has more competition and individual firms make less profit.
A market with high barriers has less competition and individual firms make more profit.

Types of Barriers to Entry

  1. High Fixed Costs
  2. Start-up costs
  3. Geography or Ownership of Raw Materials
  4. Legal Barriers

相关笔记

Imperfect Competition