Isolating Mechanisms Are

question 39

Multiple Choice

Isolating mechanisms are

• A)barriers that slow or stop the equalization of profits between firms, such as barriers to imitation.
• B)mechanisms that speed up the equalization of profits between firms.
• C)barriers that prevent potential entrants from grabbing a significant market share in the industry.
• D)mechanisms that limit or enhance the ex post equilibration of rents among individual firms, depending on their relative bargaining powers.

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Definitions:

Social Groups

Collections of people who interact with each other and share similar characteristics or a sense of unity.

Evaluation Apprehension Model

The argument that the physical presence of members of the same species causes drive because people have learnt to be apprehensive about being evaluated.

Mere Presence

The concept that the simple presence of others can influence an individual's behavior, without any direct interaction.

Individualists

People who prioritize their own goals and well-being over the goals and well-being of the group.