Explore BrainMass

Explore BrainMass

    Entry barriers

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    What are good entry barriers?
    Do such entry barriers work effectively in service industries (US is now dependent on service industries more than 70%)?

    © BrainMass Inc. brainmass.com June 4, 2020, 12:08 am ad1c9bdddf
    https://brainmass.com/business/business-management/entry-barriers-320678

    Solution Preview

    Typically, entry barriers are bad because they foster monopolies (those who are already in the industry will inevitably because monopolies as new firms cannot enter to compete).

    This is however one exception and that is patents.

    Patents work as entry barriers because new firms cannot produce the products (or services) that are protected by a patent, ...

    Solution Summary

    This solution discusses good entry barriers.

    $2.19

    ADVERTISEMENT