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That's a fair point. I can partly get behind that argument, but it does make some assumptions - for example, that barriers to entry for most industries are low,
by soVeryTired 10y ago
That's a fair point. I can partly get behind that argument, but it does make some assumptions - for example, that barriers to entry for most industries are low, and that other industrial players won't attempt to drive out new entrants.
- marcosdumay 10y agoBarriers to enter are a kind of competitive advantage. According to the model, it will lead to concentration of this kind o industry on the places it is already established, and the migration of other kinds of industry to the other places.