Question

The internet is largely seen as lowering the entry barrier for new entrants, but firms that enter may have little chance of success unless they have a competitive advantage over existing rivals__________.

Answer 1

Yes its true internet lowering the entry barrier for new entrants.

Step-by-step explanation:

The internet prevents a business from an entry barrier as a barrier to entry is the high cost that prevents a startup from market. Barriers to entry need a license and compete with a large corporation as a small startup. The entry barrier includes some individual tax, patents, and high customer costs. It describes the difficulty that a new startup business has.