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Shira Bareket
on Nov 16, 2024

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Barriers to entry only exist for monopoly markets.

Barriers To Entry

Barriers to entry are obstacles that make it difficult for new competitors to enter a market, including high startup costs, strict regulations, and established brand dominance.

Monopoly Markets

Markets dominated by a single seller, leading to less competition and higher prices for consumers.

  • Understand the concept of barriers to entry and its impact on market structures.
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veren christiNov 20, 2024
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