Which one of the following contributing factors of barriers to entry listed by Bain (1956) can be explained by the (modified) Stackleberg model? A. Product-differentiation advantages. B. Capital requirments. C. Absolute cost advantages. D. Economies of scale.
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Which one of the following contributing factors of barriers to entry listed by Bain (1956) can be explained by the (modified) Stackleberg model?
A. Product-differentiation advantages.
B. Capital requirments.
C. Absolute cost advantages. D. Economies of scale.
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