The Absence of Barriers to Entry Is Characteristic of Perfectly

question 63

True/False

The absence of barriers to entry is characteristic of perfectly competitive markets.

---

Definitions:

Separation Anxiety

The distress that babies show when the person to whom they are attached leaves.

Stranger Wariness

A developmental phase in infants where they show anxiety or fear towards unfamiliar people.

Secure Base

Bowlby’s term for the people whose presence provides a child with the security that allows him or her to make exploratory excursions.

Needs Reduction

The process of minimizing or eliminating requirements or deficiencies to achieve a state of stability or satisfaction.