Examlex
Instructions: Identify the following terms.
Shaka and the Zulus
Barriers to Entry
Factors that prevent or hinder companies from entering a particular market or industry.
Gas Station
A commercial outlet that offers gasoline and motor oil for automobiles.
Economic Profit
Profits earned by a firm after accounting for both explicit costs and opportunity costs.
Cartel
A group of independent companies that collaborate to control prices and production in order to monopolize a market.
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