Examlex
Which of the following terms is most preferred?
Barriers to Market Entry
Obstacles that make it difficult for a new firm to enter an industry, which might include high start-up costs, strict regulations, or established brand loyalty.
Public Utilities
Companies that provide essential services like water, electricity, natural gas, and telecommunications to the public, often under government regulation.
Political Power
The ability to influence or outright control the behavior of people and institutions, often within a governmental context.
Economic Profit
The profit a company makes after accounting for both its explicit and implicit costs, differing from accounting profit by considering opportunity costs.
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