Question: Why do incumbents try to maintain high entry barriers in an industry? To ensure new entrants dominate the market. To discourage competitors from entering and

Why do incumbents try to maintain high entry barriers in an industry?
To ensure new entrants dominate the market.
To discourage competitors from entering and protect their market position.
To create cost disadvantages for themselves.
To lower switching costs for consumers.
Why do incumbents try to maintain high entry

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