Which of the Following Is Not an Impediment to Imitation

question 12

Multiple Choice

Which of the following is not an impediment to imitation?

• A)Legal restrictions
• B)Superior access to inputs or customers
• C)Scale diseconomies
• D)Market size economies
• E)Intangible barriers: casual ambiguity,dependence on historical circumstances,and social complexity

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Definitions:

Leisure

Time free from work or duties, which can be used for rest, recreation, or other personal activities.

Parallel Fashion

A manner in which activities or processes occur simultaneously or in a coordinated manner, often leading to increased efficiency or synchronization.

Slutsky Equation

A formula that decomposes the effect of a price change into a substitution effect and an income effect on the consumption of goods.

Extra Income Effect

The change in an individual's consumption choices resulting from a change in real income, due to factors other than a direct income increase.