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Indicate how high entry barriers into a market will influence : Long-run profitability of the firms Cost efficiency of the firms in the industry Likelihood that some inefficient firms will survive Incentive of entrepreneurs to develop substitutes for the product supplied by the firms

Indicate how high entry barriers into a market will influence :

  1. Long-run profitability of the firms
  2. Cost efficiency of the firms in the industry
  3. Likelihood that some inefficient firms will survive
  4. Incentive of entrepreneurs to develop substitutes for the product supplied
    by the firms

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