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Which rule states that when two outcomes are independent,the probability that these outcomes occur together is the product of their individual probabilities?
Barriers to Entry
Obstacles that make it difficult to enter a certain market or industry, which may include high startup costs, strict regulations, or strong competitor presence.
Differentiating
The process of distinguishing a product or service from others in the market to attract a specific segment of customers.
Barrier to Entry
Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.
Exclusive Rights
Legal rights granted to individuals or firms, limiting others from reproducing, publishing, or selling particular goods or services.
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