1. What, exactly, is a ‘barrier to entry” (also known as a barrier to entry and success?

2. How and why is it that firms in an “oligopoly” market structure often enjoy higher barriers to entry compared to firms that are perfect competitors?

3. In your opinion, what may be the three most powerful barriers to entry? Why? Please give an example of each of these three barriers to entry.

4. In your opinion, which three barriers may be the least powerful? Why? Please give an example of these three barriers to entry.

5. Please give three examples of how “consumer loyalty” may be used as a barrier to entry and success, and please try to use examples not previously discussed, if possible.

Answer rating: 100% (QA)

1 A barrier to entry is a factor that prevents new companies from entering a market Barriers to entry can be external or internal External barriers to entry include patents trademarks copyrights and r... View the full answer