Each Group Below Has Been Divided According to a Single

question 21

Short Answer

Each group below has been divided according to a single basis of classification. However, one item in each group does not belong; it does not fit that single basis of classification. Read each group of items carefully; then select the letter of the one item that does not belong. Next, for each group, identify the single basis of classification that includes the rest of the group.
Part A: Plants
a. full sunlight
b. shade
c. sandy soil
d. moderate light
Part B: Basis of classification:
a. type of soil needed
b. light requirements
c. size

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Definitions:

High Barriers

Obstacles that make it difficult to enter a particular market or industry, which can include things like high investment costs, stringent regulations, or established competition.

Few Firms

A market condition characterized by a small number of companies controlling the majority of market share, often leading to oligopoly dynamics.

Herfindahl-Hirschman Index

A measure of market concentration used to evaluate potential antitrust concerns, calculated by squaring the market share of each firm competing in the market and then summing the resulting numbers.

Industry

The collection of businesses and activities involved in the manufacturing, production, or provision of goods and services in a particular sector.