The Existence of Competitors in a Market May Cause a Decrease

question 147

True/False

The existence of competitors in a market may cause a decrease in total demand.

Understand the importance and methods of assessing patient mobility.

Gain knowledge on the use of different mobility aids and their specific uses.

Identify the role of different healthcare professionals in patient rehabilitation.

Understand the concept of thermotherapy and its physiological effects on the body.

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Definitions:

Competitive Industry

An industry characterized by many sellers, where no single company can control market prices.

Barriers To Entry

Factors that prevent or hinder companies from entering a particular market or industry.

Barriers To Exit

Factors that make it difficult or costly for a company to leave a market or industry.

Competitive Industry

An industry characterized by many firms competing with each other by offering similar products or services, typically resulting in benefits for consumers through lower prices and higher quality.