Significant Barriers to Entry Are Not Always Sufficient to Keep

question 12

True/False

Significant barriers to entry are not always sufficient to keep some new firms from entering industries with higher-quality products, lower prices, and substantial marketing resources.

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Definitions:

Self-Incrimination

The act of implicating oneself in a crime, often discussed in the context of the right against self-incrimination in legal proceedings.

Pervasive-Regulation Exception

An exception in law that applies when a business is heavily regulated by the government, therefore some usual legal protections may not apply to that business in the same way they do others.

Administrative Searches

Searches conducted by officials (e.g., health inspectors, safety regulators) as part of their regulatory duties without the need for a warrant.

Free-Exercise Clause

A clause in the First Amendment of the U.S. Constitution which states that government (state and federal) cannot make a law "prohibiting the free exercise" of religion; has been interpreted as including absolute freedom to believe and freedom to act, which may face state restriction.