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Discuss the primary assumptions of functionalist and feminist perspectives on deviance.Indicate the gaps in research that these two perspectives have attempted to fill.
Entry Barriers
Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.
Competitive Price-Searcher
A market characteristic where firms actively seek to set prices competitively, often through differentiation, to attract customers.
Long-Run Equilibrium
A state in which all firms in a market are making just enough profit to stay in business, with no incentive for new firms to enter or existing firms to exit.
Price Taker
A market participant that accepts the market price as given and has no influence to alter the price of the good or service they buy or sell.
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