incumbent firm

collocation in English

meaningsofincumbentandfirm

These words are often used together. Click on the links below to explore the meanings. Or,see other collocations withfirm.
incumbent
adjective
uk
/ɪnˈkʌm.bənt/us
/ɪnˈkʌm.bənt/
officially having the ...
See more atincumbent
firm
noun[C]
uk
/fɜːm/us
/fɝːm/
a company offering a professional service, for example a company ...
See more atfirm

(Definition ofincumbentandfirmfrom theCambridge English Dictionary© Cambridge University Press)

Examplesofincumbent firm

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.
For example, consider a dynamic game in which the players are anincumbentfirmin an industry and a potential entrant to that industry.
From
Wikipedia
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The limit price is the price that the entrant would face upon entering as long as theincumbentfirmdid not decrease output.
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This would lead to theincumbentfirmenjoying monopoly power and supernormal profit in the market, as the new firm will exit the market.
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When the originalincumbentfirm(s) respond by returning prices to levels consistent with normal profits, the new firms will exit.
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By developing a large variety of products, theincumbentfirmis able to occupy gaps in the market that potential entrants may have exploited, thus reducing the threat of competition.
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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 theincumbentfirm.
From
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Turnover was concentrated among small operators (usually one-cab operators); little turnover occurred among medium and large new firms and no exit by a largeincumbentfirmoccurred since deregulation.
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Now, if for any reason this new firm could not cope up with the competition of theincumbentfirmthen it will plan to move out of the market.
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Gibrat (1957) found that during industry expansion firm numbers rose slowly, with growth occurring primarily in incumbent firms.
From theCambridge English Corpus
Product proliferation is often used by incumbent firms as method of entry deterrence.
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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.
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Go to the definition ofincumbent
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See other collocations withfirm