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What Type of Entry Exists If Structural Entry Barriers Are

question 35

Multiple Choice

What type of entry exists if structural entry barriers are low,and either (1) entry-deterring strategies will be ineffective or (2) the cost to the incumbent of trying to deter entry exceeds the benefits it could gain from keeping the entrant out?


Definitions:

Restraint of Trade

Legal agreements or policies that restrict or limit competition or the freedom to conduct business in a certain market.

Enforceability

The ability of a legal document or agreement to be upheld or compelled in a court of law.

Mentally Incapacitated Persons

Individuals who are not able to make decisions for themselves due to mental disabilities or conditions, impacting their ability to understand or communicate effectively.

Voidable Contract

A valid contract that can be legally voided at the option of one of the parties.

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