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Barriers to entry, globalization, oligopoly pricing
1. Other than economies of scale, what would you consider to be barriers to entry into a market? Are these barriers the same for all market structures? Explain your response.
2. How does globalization lead to greater competition in the marketplace?
3. Describe three oligopoly pricing models:a. the kinked-demand curveb. collusive pricingc. price leadership
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