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单词 potential competition
释义 potential competition

Competition from possible as well as actual rivals. If an industry has constant returns to scale and freedom of entry, potential competition is a powerful deterrent to monopolistic conduct by existing firms, even if the industry currently has a highly concentrated structure. limit pricing is setting of prices by incumbent firms low enough to deter entry by potential competitors.

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更新时间:2025/3/9 10:58:36