Barriers to Entry

In economics and mostly especially in the theory of competition, barriers to entry are obstacles in the path of a firm that make it difficult to enter a given market.Barriers to entry are the source of a firm's pricing power - the ability of a firm to raise prices without losing all its customers.The term refers to hindrances that an individual may face while trying to gain entrance into a profession or trade. It also, more commonly, refers to hindrances that a firm (or even a country) may face while trying to enter a market, industry or trade grouping. Barriers to entry restrict competition in a market.

Product details

• Assisted by: Agne F Vandome (Editor), John McBrewster (Editor), Frederic P. Miller (Editor), Agnes F. Vandome (Editor)
• Publisher: Alphascript Publishing
• Languages: English
• Product format: Paperback / Softback
• Released: 29.12.2009
• EAN: 9786130262846
• ISBN: 978-613-0-26284-6
• No. of pages: 76
• Dimensions: 150 mm x 220 mm x 4 mm
• Weight: 118 g
• Subject: Social sciences, law, business > Business