Examlex
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?
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be consumed by anyone and one person’s consumption doesn’t reduce availability to others.
Free-riders
Individuals who benefit from resources, goods, or services without paying for them, often seen in public goods and collective risk scenarios.
Private Markets
are markets where transactions are conducted directly between two parties without being publicly traded on an exchange.
Repeat-purchase Item
A good or service that consumers buy frequently or repeatedly over time, indicating loyalty or sustained need.
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