When Existing Firms Lose Customers and Profits Due to Entry

question 81

Multiple Choice

When existing firms lose customers and profits due to entry of a new competitor, a

• A)predatory-pricing externality occurs.
• B)consumption externality occurs.
• C)business-stealing externality occurs.
• D)product-variety externality occurs.

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Definitions:

Phlebitis Grade

A classification system used to indicate the severity of phlebitis, an inflammation of the veins, typically in the legs.

Infiltration Grade

A classification system used to assess the severity of fluid or medication leakage from a vein into the surrounding tissue during intravenous therapy.

Blood Transfusion

The process of transferring blood or blood-based products from one person into the circulatory system of another.

Two-Way Valves

Valves that allow fluid or air to flow in two directions, commonly used in various mechanical and biological systems to control the passage of substances.