Which of the Following Is NOT a Way by Which

question 34

Multiple Choice

Which of the following is NOT a way by which firms can collude to reduce the threat of new competitors?

• A)Working together to increase the barriers to entry.
• B)Developing common technology standards that act as barriers to entry.
• C)Moving away from using product differentiation as a barrier to entry.
• D)Joint lobbying to increase the cost of entry.

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Definitions:

Decisions

The process of making choices between alternatives, typically after evaluating information and considering the potential outcomes.

Natural Justice

The principle of fairness in all legal and administrative decisions, ensuring processes are conducted without bias.

Fair Hearing

A judicial or quasi-judicial procedure ensuring an unbiased tribunal, notice, an opportunity to be heard, and the right to present and refute evidence.

Harassment

Occurs when a member of an organization treats an employee in a disparate manner because of that person’s sex, race, religion, age, or other protected classification.