The Threat of New Entrants in an Industry Is High

question 111

Multiple Choice

The threat of new entrants in an industry is high when

• A)entry and exit costs are low.
• B)entry and exit costs are high.
• C)exit costs are low.
• D)entry costs are high.
• E)entry costs are low and exit costs are high.

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Definitions:

Milkweeds

A group of plants known for their milky sap, serving as the primary food source for monarch butterfly larvae.

Monarch Caterpillars

Caterpillars of the Monarch butterfly, known for their striking striped patterns and feeding on milkweed plants.

Distance Effect

A phenomenon in psychology where the distance between stimuli affects response time; in cognitive tasks, greater distances usually lead to faster responses.

Geographic Location

A specific place or position within a physical space that is identified using coordinates or a descriptive address.