| 单词 | free entry |
| 释义 | free entry The absence of any obstacle to new entrants to a market. Barriers to entry may be legal or economic. Legal barriers include monopoly rights for an incumbent, exclusive possession of necessary patent rights by an incumbent, or licensing of entrants. While legal barriers to entry are common, it is possible in some cases that they may be absent. Economic barriers to entry include the need for large amounts of capital to enter, and the difficulty of competing with the established experience, market contacts, and reputation of incumbents. These are more difficult to remove than legal barriers. |
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