Industries with High Barriers to Entry

question 15

Multiple Choice

Industries with high barriers to entry

• A)Pushes profits to normal returns
• B)increases the likelihood of firms entering the industry
• C)help firms sustain profits
• D)increases the number of competitors

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Definitions:

Moaning

A long, low sound made by a person expressing physical or mental suffering or sexual pleasure.

Oral Opiate Analgesic

A type of pain reliever taken by mouth that works by binding to opiate receptors in the brain to reduce the perception of pain.

Duration of Action

The length of time a drug or other substance remains effective or active in the body after its administration.

Medication Administration

The process by which drugs are provided to and taken by a patient, as prescribed by a healthcare provider.