Entry of New Firms in Monopolistically Competitive Industries Can Convey

question 118

Short Answer

Entry of new firms in monopolistically competitive industries can convey a negative externality on producers because firms lose customers and profits from the entry of new competitors. This externality is called the

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Definitions:

Scientific Belief

A conviction or acceptance of scientific facts, theories, or methods based on empirical evidence.

Diagnosing Sexual Dysfunctions

The process of identifying issues related to sexual function, desire, performance, and satisfaction through medical and psychological assessments.

Conditioning

A process of behavior modification by which a subject comes to associate a desired behavior with a previously unrelated stimulus.

Hypersexuality

A significantly increased appetite for sexual activity, which may lead to distress or impairment in social, occupational, or other important areas of functioning.