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A traumatic experience may trigger a lasting phobia in a child with a sensitive, high-strung temperament. The same experience, however, may have no long-term impact on a child with a more relaxed temperament. This best illustrates the role of ________ in the development of phobias.
Barriers To Entry
Economic or legislative obstacles that prevent new competitors from easily entering an industry or area of business.
Monopoly Power
The degree of power held by a singular entity to control prices or exclude competition within a market.
Natural Monopoly
A market condition where a single firm can supply a good or service to an entire market more efficiently than multiple firms due to high fixed or startup costs.
Economies Of Scale
The cost advantage that arises with increased output of a product, as fixed costs are spread over more units of production, reducing the cost per unit.
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