The Product-Variety Externality States That Entry of a New Firm

question 208

True/False

The product-variety externality states that entry of a new firm conveys a negative externality on consumers.

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Machiavellianism

A personality trait that involves manipulation and exploitation of others, a lack of morality, and a focus on self-interest and deception.

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A personality trait characterized by diligence, organization, dependability, and a strong sense of duty.

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