Examlex
Which of the following is LEAST likely to be an effective buffer?
Zero-Profit Equilibrium
A situation where a firm's total revenues exactly equal its total costs, resulting in no economic profit.
Entry
The act of entering or moving into a market or area of business to start operations or activities.
Constant-Cost Industry
An industry where the input costs remain constant irrespective of changes in the overall output level.
Entry
The act of beginning or entering into a particular market or area of business, often involving competition.
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