7/What is the definition of the term “minimum efficient scale”?
In theory, exactly what would it take for a firm to enter the
automobile manufacturing industry and compete with GM, Ford,
Toyota, and Honda in the U.S. market, and succeed?
8/WHAT ‘BARRIERS TO ENTRY AND SUCCESS’ MUST BE OVERCOME, IN
THEORY, FOR A FIRM TO ENTER AND SUCCEED IN THIS MARKET? Please
discuss five to ten barriers to entry that, in theory, a firm would
have to overcome in order...