Identify and Briefly Explain Any Three Factors That Weaken the Competitive

question 105

Essay

Identify and briefly explain any three factors that weaken the competitive pressures stemming from the threat that new firms will enter the industry.

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Definitions:

Implicit Association Test

A psychological test that measures the strength of associations between concepts in a person's mind, revealing underlying preferences or biases.

Prejudice

A preconceived opinion or bias against an individual or group without sufficient knowledge, thought, or reason.

Morality

Principles concerning the distinction between right and wrong or good and bad behavior.

Arbitrary

Based on random choice or personal whim, rather than any reason or system.