How companies in pharmaceutical industry can erect barriers to entry in the market for new industry Name: Professor: Course: Institution: Date: Introduction Business is all about competition and many businesses struggle to ensure that they get an upper hand in competition which generally means that their profits are always maximized. One way in which companies the ways include patents and licenses economies of scale right to resources high startup cost and strict government regulations. However there are many ways of breaking barriers to entry and thus potential investors should not lose hope. References Scherer F. (2015). Post-patent barriers to entry in the pharmaceutical industry. Journal of Health Economics 4(1) 83-87. doi:10.1016/0167-6296(85)90026-8
I need a one-page paper on coursework. APA style with in-text citations and one reference.