Competition in any specific industry is partly determined by how easy or how difficult it is for someone to enter the industry.

Question

Quizplus · Accepted Answer

The ease of entry into an industry can impact the level of competition within it. If it is easy for new businesses to enter and compete, the industry might have a higher level of competition. Conversely, if entry is difficult, there might be less competition in the industry.

Competition in Any Specific Industry Is Partly Determined by How