In an Oligopolistic Industry, Which of the Following Is an Example

question 83

Multiple Choice

In an oligopolistic industry, which of the following is an example of a firm- created entry barrier?

• A) decreasing demand for the product
• B) LRAC curve negatively sloped over a large range of output
• C) price competition
• D) large set- up costs
• E) brand proliferation

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Definitions:

Hearing Loss

A reduction in the ability to hear sounds, ranging from mild difficulties to total deafness.

Abstract Thinking

The ability to think about objects, principles, and ideas that are not physically present, involving complex thought processes such as analysis and synthesis.

Visual Cliff

An experimental apparatus used to measure infants’ perception of depth and their understanding of risks associated with apparent high drops.

Developmental Researchers

Individuals who study the various stages of psychological growth and changes that occur from infancy to adulthood.