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In which of the following market structures is the entry of new businesses the most difficult?
Traits
Distinctive qualities or characteristics, typically belonging to a person, which can influence behaviors and outcomes in specific situations.
Behaviors
Observable actions or reactions of individuals, often in response to their environment or internal stimuli.
Hands-on Guidance
Direct involvement and leadership that includes personal demonstration and instruction.
Poor Delegation
Ineffective distribution of tasks or responsibilities to subordinates, often leading to project inefficiency or failure.
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