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Hailey Tester
on Nov 05, 2024

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Barriers to entry include economies of scale and network effects.

Economies Of Scale

The cost advantages that enterprises obtain due to their scale of operation, leading to decreased costs per unit.

Network Effects

The phenomenon where the value or utility of a product or service increases as more people use it, often seen in digital and social media platforms.

  • Identify and explain barriers to entry in monopolistic markets.
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Malani MooreNov 08, 2024
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