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

question 25

Multiple Choice

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

• A) stay the same.
• B) increase.
• C) decrease.
• D) neutralize.
• E) become irrelevant.

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Definitions:

Anarchism

A political philosophy that advocates self-governed societies based on voluntary, cooperative institutions and the rejection of all involuntary, coercive forms of hierarchy.

Bakunin

Mikhail Bakunin was a Russian revolutionary anarchist, socialist and founder of collectivist anarchism.

Kropotkin

Kropotkin refers to Peter Kropotkin (1842-1921), a Russian activist, scientist, and anarchist philosopher renowned for his advocacy of anarchism and mutual aid.

Émile Zola

A French novelist, journalist, and playwright who was a major figure in the naturalism movement and the Dreyfus affair's exoneration.