condition of entry

condition of entry

an element of MARKET STRUCTURE that refers to the ease or difficulty new suppliers face in entering a market. Market theory indicates that, at one extreme, entry may be entirely ‘free’, with, as in PERFECT COMPETITION, new suppliers being able to enter the market and compete immediately on equal terms with established firms; at the other extreme, in OLIGOPOLY and MONOPOLY markets, BARRIERS TO ENTRY operate, which severely limit the opportunity for new entry. The significance of barriers to entry in market theory is that they allow established firms to secure a long-term profit return in excess of the NORMAL PROFIT equilibrium attained under fully competitive (‘free’ entry) conditions. See MARKET ENTRY, POTENTIAL ENTRANT, LIMIT PRICING.
References in periodicals archive ?
The minister responded this while calling attention notice moved by the Senator Col (Retd) Syed Tahir Hussain Mashhadi about dilapidated condition of entry and exit roads of weekly bazaar located in H/9 sector Islamabad and non-availability of parking lots for the visitors.
WAPOL reserve the right to deny any person further access and require them to immediately depart from the premises should they not comply with this condition of entry.
BAGHDAD / Nina / The Prime Minister Haider al-Abadi discussed on Saturday with his Deputy Saleh al-Mutlaq in a telephone contact the conduct of operations in Anbar province and canceling the / sponsor / condition of entry of the displaced people to Baghdad.
Nath is now seeking reimbursement for the entry fee and 420 dollars for 10 tickets she sold, which was a condition of entry.
Our country should insist on all foreign visitors having private health insurance which would be a condition of entry.
Visitors to the event in Weston Park, Staffordshire, will all be searched by police or security staff as a condition of entry to the site.
Searches are a condition of entry and drugs dogs will be used at the entrances to the site.
There is no shortage of entries for the races, so just have a condition of entry that you may not get a run to avoid the "ludicrous", as Smith puts it, but unlikely situation that you may have to tell an owner "we haven't got a jockey for you".
It read: "All spectators will be subjected to a search as a condition of entry.
It is a condition of entry that the rules of the prize draw are accepted as final, that entrants agree to abide by the rules and that winners agree to appear in post prize draw publicity.
SEARCHES will be a condition of entry at Godiva Festival in an effort to combat boozy antisocial behaviour.
A condition of entry to the programme is removal of school surplus places.