Mention543487
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so:text | One hallmark of a competitive market is that new firms are able to—and do—enter it… The key economic consideration is the relative difficulty of overcoming the barriers to entry, which can be measured by the advantages of established firms in the industry over potential entrants. In general, the relative difficulty of entry into any industry is determined by the amount of capital required for an efficient scale of operations,… (en) |
so:isPartOf | https://en.wikiquote.org/wiki/Neil_H._Jacoby |
so:description | Multinational Oil: A Study in Industrial Dynamics (1974) (en) |
qkg:hasContext | qkg:Context267842 |
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qkg:Quotation515143 | qkg:hasMention |
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