Examlex
The majority of offenders released on parole do not return to prison.
Entry Barriers
Obstacles that make it difficult for new competitors to enter a market, which can include high startup costs, regulation, or patent protections.
Competitive Price-searcher
A market condition where firms have some control over their pricing due to differentiated products, leading to a search for competitive prices.
Low Barriers
Conditions that make it easy for new firms to enter an industry, often leading to increased competition.
High Barriers
Referring to the substantial obstacles that prevent new competitors from easily entering an industry or market.
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