Answer:
c. Low economies of scale needed for new firms to enter.
Explanation:
The five forces model is a technique used to assess an industry in a bid to decide on corporate strategy.
These forces include Competition in the industry , Potential of new entrants into the industry , Power of suppliers , Power of customers , Threat of substitute products.
For an industry with low economics of scale, it is quite easy for new entrants to gain entry as the funds required for startups may be low making the industry attractive to new entrants.
