The Greater the Economies of Scale of an Existing Organization

question 65

True/False

The greater the economies of scale of an existing organization, the lower are the barriers to entry for new competitors.

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Definitions:

Prototype

An especially representative example of a concept.

Basic Concept

Fundamental ideas or principles that serve as the foundation for a subject or theory.

Mental Set

A psychological tendency to approach situations in a certain way due to past experiences and perceptions, which can sometimes hinder problem-solving.

Mental Image

A mental representation that mirrors or resembles the thing it represents; mental images occur in many and perhaps all sensory modalities.