Which Three Factors Listed Are Examples of Isolating Mechanisms That

question 4

Multiple Choice

Which three factors listed are examples of isolating mechanisms that help to sustain competitive advantage?

• A) Unique historical conditions
• B) Social complexity
• C) Causal ambiguity.
• D) Unique political configuration
• E) Resource complexity

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Definitions:

Antitrust Laws

Legislation enacted to prevent monopolies, promote competition, and ensure fair business practices in the marketplace.

Monetary Award

A sum of money granted to an individual or organization as a recognition of achievement, a form of settlement, or as compensation for damages.

Profits

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Deregulation

The removal or reduction of government restrictions and regulations in an industry to encourage increased competition.