A Disadvantage of Moving Too Quickly Is That

question 36

Multiple Choice

A disadvantage of moving too quickly is that

• A)costs of entry are higher.
• B)consumers aren't loyal.
• C)firms are subject to holdup problems.
• D)All of the above.

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Definitions:

Concurrent Powers

Powers in federal systems of government that are shared by both the state and federal governments.

Unicameral Legislature

A type of legislative body with a single chamber, in which all legislators convene to debate and vote on legislation.

Constitutional Lawmaking

The process of drafting, adopting, and amending laws and principles that govern a state or country, typically outlined in a constitution.

Statute

Legislation enacted by a governmental body that prescribes or prohibits certain actions and may establish penalties for noncompliance.