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What degree would a student who wanted to specialize in clinical psychology setting be MOST likely to obtain?
Entry Barriers
Factors that prevent or hinder companies from entering a particular market, including high start-up costs, stringent regulations, and established competitors.
Competitive Forces
Elements in the external environment that influence the competitiveness of a company, including rivalry among existing competitors, threat of new entrants, threat of substitute products, bargaining power of buyers, and bargaining power of suppliers.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs, indicating the profitability of an enterprise beyond basic financial profit.
Monopoly
A market structure characterized by a single supplier controlling all the supply of a particular good or service.
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