Consider the following industries in Canada that have traditionally been oligopolistic. Brewing Airlines Railways
Question:
• Brewing
• Airlines
• Railways
• Banking
• Internet service providers
• Grocery stores
a. What are the barriers to entry in each of these industries that might explain persistently high profits?
b. Explain in each case how technology is changing in ways that circumvent these entry barriers.
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a Thebarriers to entry are Brewingcapital costs to establish national distribution brand proliferati...View the full answer
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Related Book For 
Microeconomics
ISBN: 978-0321866349
14th canadian Edition
Authors: Christopher T.S. Ragan, Richard G Lipsey
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