Which of the Following Is Not an Exit Barrier for Firms

question 1

Multiple Choice

Which of the following is not an exit barrier for firms in an industry?

• A)Sunk costs
• B)Labor agreements or commitments to purchase raw materials
• C)Obligations to input suppliers
• D)Excess capacity
• E)Government restrictions

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Definitions:

Bystander Effect

The psychological phenomenon where individuals are less likely to offer help to a victim when other people are present.

Diffusion Of Responsibility

is a sociopsychological phenomenon whereby a person is less likely to take responsibility for action or inaction when others are present.

Therapeutic Community

A structured environment where individuals support one another in recovery or rehabilitation, using the community itself as a key agent of change.

Core Concept

A fundamental idea or principle that serves as the foundation for a system, theory, or belief.