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The Business-Stealing Externality States That Entry of a New Firms

question 55

True/False

The business-stealing externality states that entry of a new firms imposes a cost on existing firms because they lose customers.


Definitions:

Morphemes

The smallest grammatical units in a language that carry meaning, such as prefixes, roots, and suffixes.

Morphemes

The smallest meaningful units in the grammar of a language.

Morphemes

The smallest meaningful units of language that cannot be further divided.

Phonemes

The smallest unit of sound in a language that can distinguish one word from another in a particular spoken language.

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