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June 23, 2019 at 3:33 pm
i don’t understand how a high know how of the market is a barrier to entry
Ken Garrett says
June 23, 2019 at 7:23 pm
High know-how implies you need a lot of skills to succeed. Acquiring those skills takes time and effort so represents a barrier to entry.
April 23, 2019 at 1:48 pm
April 10, 2019 at 9:36 am
i don’t understand why low competition is incorrect i think low competition means low fragmentation and less powerful suppliers
April 10, 2019 at 9:49 am
Low competition means that you might have the market to yourself or at worst share with poor companies. Therefore, it is relatively easy to enter.
Low fragmentation means that there are few players in the market. So if the market were divided between only two, each might have around 50%, so they will be big and powerful and will resist new entrants very strongly.
March 19, 2019 at 1:16 am
November 26, 2018 at 10:42 am
A highly fragmemted market implies many suppliers (the market has been broekn down and sharedmby many suppliers). Low fragmemtation means that there are a few large, powerful suppliers.
November 27, 2018 at 9:41 am
Thanks for the reply. So how does few large suppliers raise the bar for new entrants? Is it that those suppliers have monopolies?
November 27, 2018 at 9:20 pm
They are big and powerful and therefore are often able to crush new entrants.
November 26, 2018 at 8:55 am
I don’t understand what is meant by market fragmentation. Can you elaborate on it please?
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