Barriers to Entry Are Conditions That Make It Difficulty for New

question 15

True/False

Barriers to entry are conditions that make it difficulty for new firms to enter an industry or market where existing firms have long run interests.

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Definitions:

Yugoslavia

A country that existed in Southeast Europe during most of the 20th century, comprising several Slavic ethnic groups and dissolved in a series of wars in the 1990s.

Trade Balance

The gap between what a country sells to and buys from other countries in terms of goods and services.

Merchandise

Goods that are bought and sold in commerce, particularly those related to retail trade.

Services

Intangible products that are consumed at the point of sale and do not result in ownership of physical goods.