Change Often Fails Because

question 142

Multiple Choice

Change often fails because:

• A)faulty thinking
• B)lack of resources
• C)lack of acceptance
• D)all of the above

---

Definitions:

Dominant Firms

Companies that possess a major share of the market and typically have considerable power to influence market conditions and prices.

Low Entry Barriers

Characteristics of a market or industry that make it easy for new companies to start operations and compete.

Homogeneous Oligopoly

A market structure characterized by a few firms producing identical or very similar products, leading to significant inter-firm competition.

Identical Products

Products that are exactly the same in every feature, often used in economic models of perfect competition.