What Are Four Common Factors That Need to Be Diagnosed

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The Answer is The four factors are economies of scale, product differentiation, capital requirements and the amount of government regulation.
Economies of scale are achieved when increased volume lowers the unit cost of a good or service produced by a firm.
Product differentiation is the uniqueness in quality, price, design, brand image, or customer service that gives one firm's product an edge over another firm's.
Capital requirements are the dollars needed to finance equipment, purchase supplies, purchase or lease land, hire staff, and the like.
Government regulation is a barrier to entry if it bars or severely restricts potential new entrants to an industry.

What Are Four Common Factors That Need to Be Diagnosed

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What Are Four Common Factors That Need to Be Diagnosed

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