Examlex
Which of the barriers to entry can last indefinitely and which are more likely to eventually erode such that a new entry can take place?
World Price
The international market price of a good, determined by global supply and demand conditions.
Imported
Goods or services brought into one country from another for sale or use.
Government Revenue
The income received by the government from taxes, fees, fines, and other sources.
Specific Tariff
is a fixed fee imposed by a government on imported or exported goods, based on the quantity of the goods rather than their value.
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