The Internet Is Largely Seen as Lowering the Entry Barrier

question 4

True/False

The internet is largely seen as lowering the entry barrier for new entrants, but firms that enter may have little chance of success unless they have a competitive advantage over existing rivals

---

Definitions:

P-value

The chance that test outcomes as extreme as or more than the observed results will occur, assuming the null hypothesis is true.

Interaction

In statistics, the effect of two or more variables is not simply additive, meaning their combined effect is different from what would be expected based on their separate effects.

Step-aerobics

A form of aerobic exercise involving stepping up and down on a stationary block in different patterns and intensities.

Test Statistic

A calculated value from sample data used to test a hypothesis in statistical testing, determining whether to reject the null hypothesis.