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If your firm is a potential entrant thinking about entering an industry, you want the entry barriers to be _____.

1 Answer

6 votes

Answer:

High

Step-by-step explanation:

Entrants can be regarded as firms that are willing in entering a particular industry. As regards to market theory, a potential entry can become actual entry into a market on some condition such as when existing firms that are in the market have their earns above the Normal profit. It should be noted that If your firm is a potential entrant thinking about entering an industry, you want the entry barriers to be High

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