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The government indirectly influences the level of industry competition with its own barriers to entry. ? how? the government can restrict entry by

Respuesta :

Learnwell
The government, being one of the most if not the most powerful body o a country, can definitely influence the level of industry competition within its boundaries. The government can impose high tariffs on foreign goods in order to favor local companies. Foreign goods will be more expensive, hence less competitive for purchase. Alternatively, if the policy is to attract foreign companies to foster healthy competition, the government can lower tariffs on foreign goods, making them locally competitive.
Hagrid
the government can restrict entry of goods and services entering its own barriers by determining how much amount of goods will go in an out, at what amount it will be sold, and which foreign entities would they make deals with. This power of the government can directly influence the level of industry competition in its own turf.