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Watch this video: https://www.youtube.com/watch?v=ACa6Ix9ghvQ&t=12sLinks to an external site. Address the notion of barriers to entry using the Forrest Gump clip involving the shrimping industry.
Watch this video: https://www.youtube.com/watch?v=ACa6Ix9ghvQ&t=12sLinks to an external site.
Address the notion of barriers to entry using the Forrest Gump clip involving the shrimping industry.
Could Forrest and Lt. Dan corner the market of shrimping? Why, or why not? In your discussion, make sure to adequately explain the condition: ease of entry/exit. Remember ease of entry/exit is one of the defining characteristics of each of the market structures.
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