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March 16, 2020 at 2:20 pm
The quiz is just so helpful.
January 31, 2020 at 5:45 pm
I got 100%
January 10, 2020 at 12:48 pm
i got 100 am shocked
January 7, 2020 at 1:25 pm
Can you please give me more details why is low fragmentation of the market is a barrier to entry? Thank you in advance.
March 27, 2020 at 10:43 am
low fragmentation means there are some giants in the market which control it. think of the search engines….. how many can you name ? maybe google and bing and a very few others. which means the market is less fragmented and the competitors in it are very big and powerful which are enough to deter new entrants from entering.
hope that helped.
November 18, 2019 at 12:26 am
I got 100%. The second question was tricky but I just guessed. Must revise some more.
October 27, 2019 at 4:52 pm
very useful resourse! Thanks!
July 22, 2019 at 8:47 am
i got 80%
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.
February 1, 2020 at 11:25 am
I, and I assume others somehow mis-took it as ‘I the new entrant have a high know-how’.
February 1, 2020 at 3:56 pm
Ah! OK. We’ll change the wording.
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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