Which of the following would lead to lower profits for an industry?
A) low entry barriers
B) many suppliers
C) few substitutes
D) quality-based competition

Name: Which of the following would lead to lower profits for an industry? A) low entry barriers B) many suppliers C) few substitutes D) quality-based competition
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Question

Quizplus · Accepted Answer

Low entry barriers allow more competitors to enter the market easily, increasing competition and potentially driving down prices and profits.

Which of the Following Would Lead to Lower Profits for an Industry