Answer: threat
Step-by-step explanation:
When restrictive government policies don't exist or when the industries become deregulated, then the threat of entry is high.
It should be noted that when there's entry of new competitors in an industry that offers same goods or services, then the competitive position of the company will be at risk. Therefore, the threat of new entrants refers to the ability of new companies to enter into an industry.
In such case, since there's no restriction of government policies, then the threat of entry will be high.