Conditions That May Prevent New Firms from Entering an Industry

question 55

Multiple Choice

Conditions that may prevent new firms from entering an industry are referred to as

• A)barriers to entry.
• B)strategic maneuvers.
• C)unfair trade practices.
• D)industry regulators.
• E)entry inhibitors.

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Definitions:

Blackout

A temporary loss of consciousness, electricity, or the obscuration of memory, often caused by power failures, medical conditions, or heavy drinking.

Consequences

The outcomes, effects, or results that naturally follow from an action or condition.

Power Outage

A temporary loss of electrical power in a particular area, which can be due to several reasons including technical failures or maintenance work.

Rim

The outer edge of a circular object, such as a wheel or a basketball hoop.