| 词汇 | example_english_incumbent-firm |
| 释义 | incumbent firmcollocation in Englishmeanings of incumbentand firmThese words are often used together. Click on the links below to explore the meanings. Or, see other collocations with firm. incumbent adjective uk /ɪnˈkʌm.bənt/ us /ɪnˈkʌm.bənt/ officially having the ... See more at incumbent firm noun[C] uk /fɜːm/ us /fɝːm/ a company offering a professional service, for example a company ... See more at firm Examples of incumbent firmThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. For example, consider a dynamic game in which the players are an incumbentfirm in an industry and a potential entrant to that industry. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The limit price is the price that the entrant would face upon entering as long as the incumbentfirm did not decrease output. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. This would lead to the incumbentfirm enjoying monopoly power and supernormal profit in the market, as the new firm will exit the market. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. When the original incumbentfirm(s) respond by returning prices to levels consistent with normal profits, the new firms will exit. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. By developing a large variety of products, the incumbentfirm is able to occupy gaps in the market that potential entrants may have exploited, thus reducing the threat of competition. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. A new firm entering the market, with insufficient information or technology, could incur a higher average cost of production, and therefore be unable to compete with the incumbentfirm. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Turnover was concentrated among small operators (usually one-cab operators); little turnover occurred among medium and large new firms and no exit by a large incumbentfirm occurred since deregulation. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Now, if for any reason this new firm could not cope up with the competition of the incumbentfirm then it will plan to move out of the market. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Gibrat (1957) found that during industry expansion firm numbers rose slowly, with growth occurring primarily in incumbent firms. Product proliferation is often used by incumbent firms as method of entry deterrence. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Highly concentrated markets may be contestable if there are no barriers to entry or exit, limiting the incumbent firm's ability to raise its price above competitive levels. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. Want to learn more? Go to the definition of incumbent Go to the definition of firm See other collocations with firm |
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