Barriers to Entry Refer to

question 131

Multiple Choice

Barriers to entry refer to

• A)pure competition from many new firms.
• B)the likelihood of new entrants.
• C)monopolistic competition.
• D)business practices that make it difficult for new firms to enter the market.
• E)a megopoly.

---

Definitions:

Flynn Effect

The observed substantial and long-term increase in both fluid and crystallized intelligence test scores measured in many parts of the world over the 20th century.

Savant Syndrome

A condition in which a person with significant mental disabilities demonstrates certain abilities far in excess of average.

Flynn Effect

The Flynn Effect describes the observed rise over time in standardized intelligence test scores, suggesting that average IQ scores increase from one generation to the next.

Intelligence Test Performance

The quantifiable assessment of an individual's intellectual capabilities, often represented by a numerical score or percentile rank.