Question

In ------ kind of marker there are barriers to entry.​

Answer 1

Answer:

There are seven sources of barriers to entry:

1. Economies of scale. ...

2. Product differentiation. ...

3. Capital requirements. ...

4. Switching costs. ...

5. Access to distribution channels. ...

6. Cost disadvantages independent of scale. ...

7. Government policy. ...

8. Read next: Industry competition and threat of substitutes: Porter's five forces.

Explanation:

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Answer 2

Answer:

Barriers to Entry in Different Market Structures

Type of market structure Level of barriers to entry

Perfect competition Zero barriers to entry

Monopolistic competition Medium barriers to entry

Oligopoly High barriers to entry

Monopoly Very high to absolute barriers to entry

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