Which of the following is an implication for firms that have a threat of new entrants in their market?
A) increased cost
B) reduced quality
C) increased demand for services
D) increased price
E) decreased market share

Question

Quizplus · Accepted Answer

The threat of new entrants typically leads to increased competition, which can result in a decreased market share for existing firms as new competitors capture some of the market.

Which of the Following Is an Implication for Firms That