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5. Are the barriers to entry in the automobile manufacturing industry low, moderate, or high? Explain. Your answer should address each of the factors associated
5. Are the barriers to entry in the automobile manufacturing industry low, moderate, or high? Explain.
Your answer should address each of the factors associated with entry barriers:
1. economies of scale
2. brand identity and product differentiation
3. capital requirements
4. switching costs
5. access to distribution channels
6. cost advantages independent of size
7. government policy
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