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Generally, an Industry Is More Attractive to New Entrants When

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Generally, an industry is more attractive to new entrants when the advantages of economies of scale are present.


Definitions:

Trial Marriage

A temporary marital arrangement intended to test the compatibility of a couple before formal marriage.

Sternberg's

Refers to theories developed by psychologist Robert Sternberg, especially his triangular theory of love or his theory of intelligence.

Triangular Theory

A theory of love proposed by psychologist Robert Sternberg, which suggests that love consists of three components: intimacy, passion, and commitment.

Commitment

The state or quality of being dedicated to a cause, activity, or person, often implying a long-term engagement or obligation.

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