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How Does a Dominant Firm Try to Prevent New Competitors

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How does a dominant firm try to prevent new competitors from entering the oligopoly market?


Definitions:

Criticisms

Evaluations or judgments given for the purpose of indicating areas in need of improvement or correction.

Unrepresentative Sample

A sample that does not accurately reflect the distribution or characteristics of the larger population from which it is drawn.

Rational Image

An idealized image of oneself that is based on logical reasoning and how one wishes to be perceived by others.

Cognitive Complexity

A psychological characteristic or variable that indicates the complexity of a person's thought processes, including their ability to consider multiple perspectives and integrate disparate information.

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