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a Barriers to entry are the obstacles or hindrances that make It difficult for new companies to enter a given market. Additionally, Barriers to entry

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a Barriers to entry are the obstacles or hindrances that make It difficult for new companies to enter a given market. Additionally, Barriers to entry act to limit the number of firms entering an industry: Discuss and provide an example to support your discussion? (6 Marks) Briefly explain what will happen for the Total-Revenue Test and price if, 1 Demand is elastic Demand is inelastic 3. Demand is unit elastic

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