​All of These Are Characteristics of a Competitive Industry,except

question 44

Multiple Choice

​All of these are characteristics of a competitive industry,except:

• A)​Many substitutes
• B)No barriers to entry
• C)Homogenous product
• D)​Little or no information on rivals' products

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Definitions:

Negative Emotions

Feelings such as sadness, anger, fear, or despair that are typically associated with unpleasant or unwanted experiences or thoughts.

Group Socialization

The process by which new members learn the group's norms, values, behaviors, and social knowledge to become integrated into the group.

Full Member

A Full Member is an individual who has been granted all the rights, privileges, and responsibilities associated with full membership in an organization or group.

Group Cohesion

The bonds that link members of a group together, promoting unity, trust, and a sense of belonging, and influencing the group's performance and members' satisfaction.