Examlex
Which of the following examples of Howard Gardner's multiple intelligences is measured by standard or more traditional intelligence tests?
Barriers to Entry
Factors that prevent or impede the ability of a new competitor to enter and operate in an industry.
Monopoly
An economic condition where only one seller offers a distinctive product in the marketplace, with no similar alternatives available.
Natural Monopoly
A market condition where due to high fixed or start-up costs, efficient service is provided by a single firm instead of multiple competing firms, often seen in utilities sectors.
Fair-Return Price
For natural monopolies subject to rate (price) regulation, the price that would allow the regulated monopoly to earn a normal profit; a price equal to average total cost.
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