Whenever New Firms Can Easily Enter a Particular Industry,the Intensity

question 77

Multiple Choice

Whenever new firms can easily enter a particular industry,the intensity of competitiveness among firms

• A)neutralizes.
• B)stays the same.
• C)fluctuates.
• D)increases.
• E)decreases.

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Definitions:

Bell Peppers

Edible fruits of plants in the Capsicum genus, often used as vegetables in cooking for their mild flavor and vibrant colors.

Budget Constraint

The maximum range of goods and services a consumer is able to purchase, determined by their income and the cost of these goods and services.

Income

The money received by individuals or entities, typically in the form of wages, salaries, or various types of investments returns.

Opportunity Cost

The forfeiture of possible benefits from other options when a specific choice is made.