Term:
Barriers to entry
Definition:
Barriers to entry are factors which prevent or deter the entry of new firms into an industry even when incumbent firms are earning excess profits.
Domain:
Finance
Source:
Glossary of Industrial Organisation Economics and Competition Law, compiled by R. S. Khemani and D. M. Shapiro, commissioned by the Directorate for Financial, Fiscal and Enterprise Affairs, OECD, 1993
