If a Firm Can Prevent Competitors from Entering Its Market

question 1

Multiple Choice

If a firm can prevent competitors from entering its market, its ATC will ___________ over a ________ amount of output.

• A) decline, large
• B) decline, small
• C) increase, large

---

Definitions:

Entrepreneurship

The process of designing, launching, and running a new business or enterprise, often synonymous with taking financial risk for profit.

Achievement of Missions

The successful realization of organizational goals and objectives, particularly within the context of nonprofits and their dedication to specific causes or communities.

Fund-raising Campaigns

Organized efforts to collect money or resources, typically for nonprofit organizations, charitable causes, or community projects.

Expectations of Majority

The common assumptions or demands of the larger portion of a group, community, or society, often influencing decisions and policies.