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Government Regulation
Government regulation encompasses the laws and rules set forth by the government intended to control or manage certain practices, activities, or behaviors within an economy or society.
Entry Barriers
These are obstacles that prevent or hinder new competitors from easily entering an industry or area of business.
Government Failure
Situations where government interventions in the economy cause more inefficiency and problems than they solve.
Competitive Markets
Markets in which there are many buyers and sellers so that each has a negligible impact on the market price.
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