The Likelihood of Entry of New Competitors Is Affected by __________

question 72

Multiple Choice

The likelihood of entry of new competitors is affected by __________ and __________.

• A) barriers to entry; the expected retaliation of current industry participants
• B) the power of existing suppliers; buyers
• C) the profitability of the industry; the market share of its leading firm
• D) the demand for the product; the profitability of the competitors

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Definitions:

Circular Reasoning

A logical fallacy in which the conclusion of an argument is used as a premise of the same argument.

Weak Analogy

A flawed argument in which two items being compared are not sufficiently similar in relevant aspects.

Circular Reasoning

A logical fallacy in which the conclusion is supported by premises that assume the conclusion's truth, thus not providing any actual evidence.

Irrelevant Reasoning

Engaging in argument or thought processes that do not logically pertain to or impact the matter at hand.