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Identify and Briefly Explain Any Four of the Factors That

question 105

Essay

Identify and briefly explain any four of the factors that influence the strength or intensity of competitive rivalry among an industry's member firms.


Definitions:

Termination

The process of ending employment or concluding an engagement or agreement.

Discriminatory Firings

The act of terminating employees' contracts based on biased, unfair reasons, such as age, gender, race, or religion.

Deadweight Loss

A reduction in economic effectiveness that happens when it's impossible to reach or the equilibrium result is not attained.

Demand Curve

A graph showing the relationship between the price of a good and the amount of that good consumers are willing to buy.

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