Think Like An Economist

S E44: Entry, Exit and Long-Run Profitability - How to get ahead in the Market

Aug 24, 2021

21:41

Highlights

AI Chapters

Episode notes

Create Customer Larkin Through Network Effects

03:12

Supply Side Strategies Can Be Harder for Smaller Businesses

03:12

Are Barriers to Entry Good for Business?

03:20

Introduction

2min

How to Start a Coffee Shop in Sacramento

3min

No One Makes Any Profits in the Long Run

2min

How to Find the Best Home and Auto Insurance Rates

4min

Are You Creating Barriers to Entry in Your Market?

2min

Create Customer Larkin Through Network Effects

3min

Supply Side Strategies Can Be Harder for Smaller Businesses

3min

How to Deter New Firms From Entering the Market

2min

Are Barriers to Entry Good for Business?

3min

If there are profits to be made, entrepreneurs will be there to start their business. But how can they stay ahead of the competition and deter new rivals from entering the market? Betsey Stevenson and Justin Wolfers guide you through the choices managers make to remain profitable, and explain why businesses try to crush healthy competition.

Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.

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