An Ineffective Means of Discouraging the Entry of New Firms

question 98

Multiple Choice

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

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

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Definitions:

Permissible

Allowed or permitted within a certain set of rules, laws, or ethical guidelines.

Judith Jarvis Thomson

A philosopher best known for her contributions to moral philosophy and bioethics, including her influential defense of abortion rights in "A Defense of Abortion."

Circumstances

The specific conditions or facts affecting a certain event or situation.

Unrestricted Legal Right

A entitlement or privilege under law that is not subject to any conditions or limitations.