Examlex
Although labeling theory has several implications for criminal and juvenile justice policy, they have been largely ignored by practitioners and policymakers.
Barriers to Entry
Factors that make it difficult for new firms to enter an industry, such as high startup costs or strict regulations.
Monopolistically Competitive
Describes a market structure where many firms sell products that are similar but not identical.
Barriers to Entry
Obstacles that prevent new competitors from easily entering an industry or area of business.
Monopolistic Competition
A market structure where many companies sell products that are similar but not identical, allowing them to compete on factors other than price.
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