Question

New entrants to an industry are more likely when:a. differentiation among existing competitors is highb. access to distribution channels is limitedc. switching costs for consumers are lowd. capital requirements to enter the industry are highe. expected retaliation from existing competitors is high

Answer 1

Answer:

c. switching costs for consumers are low

Explanation:

New entrants to an industry are when new firms enter into an industry.

When it is easy for consumers to change product, it would be easy for consumers to switch to a new product. This would create a market for the new entrant.