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9 July, 11:05

what obstacles would you encounter opening a business in a free enterprise system where the competition is well-established

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  1. 9 July, 14:05
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    If the competition is well established, you would encounter issues with brand recognition, economies of scale, barriers to entry such as start up costs. Even with a "free enterprise system" there can be many barriers to entry, especially in an established market.
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