Singtel, Mobile One and Starhub are the only 3 companies providing mobile phone services in Singapore today. Explain why firms find it difficult to enter such an industry. [10 marks]
Chapter: Imperfect Market Structure
In the Singapore telecommunications industry, it can be identified as an oligopolisic market structure due to the characteristics, like strong barriers to entry and the large market concentration ratio of the few firms. Learn more about the types of barriers to entry, namely artificial and natural barriers.
07 August 2018