Question: Consider the joint effect of entry and exit barriers during periods of recession and of economic prosperity (consider four possible states (high/high, high/low; low/high; low/low).

Consider the joint effect of entry and exit barriers during periods of recession and of economic prosperity (consider four possible states (high/high, high/low; low/high; low/low). Identify four industry sectors that conform to these states.

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High entryhigh exit status deters entry and exit leading to stable sectors such as electricity supply whose profitability depends greatly on the econo... View full answer

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