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What type of entry exists if structural entry barriers are low,and either (1) entry-deterring strategies will be ineffective or (2) the cost to the incumbent of trying to deter entry exceeds the benefits it could gain from keeping the entrant out?
Typist
An individual who specializes in typing text, often using a keyboard or typewriter, to create documents, reports, or other written materials.
Wage Rate
The amount of money paid to an employee per unit of time, such as an hour or a year.
Economic Pie
A metaphorical representation of the total amount of wealth or resources available in an economy that can be divided among its participants.
Dollar Value
The worth or purchasing power of one United States dollar in terms of goods or services.
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