​In a Competitive Industry

question 59

Multiple Choice

​In a competitive industry

• A)​the industry has high barriers to entry
• B)the industry has high barriers to exit
• C)the industry has high barriers to entry and exit
• D)​the industry has no barriers to entry or exit

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Definitions:

Circumstantial Evidence

Evidence that relies on an inference to connect it to a conclusion of fact, unlike direct evidence that directly proves a fact.

Relevant Evidence

Information and facts presented in a legal proceeding that are directly related to the matter being decided and can influence the outcome.

Social Security Number

A unique identification number assigned to U.S. citizens and some residents to track earnings and benefits for social security purposes.

Tape-recording

The act of recording sound, especially conversations, onto magnetic tape as a means of keeping a record.