This document discusses barriers to entry and exit in markets. It lists economies of scale, capital requirements, product differentiation, and lower unit costs as barriers to entry, as well as pricing policies and legal restrictions. Sunk costs are identified as barriers to exiting a market.
This document discusses barriers to entry and exit in markets. It lists economies of scale, capital requirements, product differentiation, and lower unit costs as barriers to entry, as well as pricing policies and legal restrictions. Sunk costs are identified as barriers to exiting a market.
This document discusses barriers to entry and exit in markets. It lists economies of scale, capital requirements, product differentiation, and lower unit costs as barriers to entry, as well as pricing policies and legal restrictions. Sunk costs are identified as barriers to exiting a market.