An Ineffective Means of Discouraging the Entry of New Firms

question 63

Multiple Choice

An ineffective means of discouraging the entry of new firms by existing firms in an oligopolistic industry is

• A)producing a wide range of brands of their products.
• B)carrying out industrial sabotage.
• C)spending heavily on advertising.
• D)raising their prices.
• E)seeking greater patent protection.

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Definitions:

Land Reform

The process of redistributing or regulating land ownership, often intended to increase agricultural production or to rectify inequities in land distribution.

Thaddeus Stevens

A nineteenth-century U.S. politician and fierce advocate for abolition and civil rights, particularly known for his role in shaping Reconstruction policies.

Ambitious Aims

Goals or objectives that are challenging and require considerable effort or determination to achieve.

Reconstruction Act

1867 law that established temporary military governments in ten Confederate states—excepting Tennessee—and required that the states ratify the Fourteenth Amendment and permit freedmen to vote.