Entry Barriers Can Be the Result Of

question 21

Multiple Choice

Entry barriers can be the result of:

• A)inelastic demand
• B)legal obstacles
• C)perfectly competitive markets
• D)the availability of close substitutes
• E)perfectly elastic demand

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Definitions:

Personal Biases

Individual prejudices or predispositions that influence one's perspective and decision-making process.

Implicit Favorite

An unconscious bias or preference for a particular option or individual, often influencing decision-making processes without explicit awareness.

Alternatives

Different options or choices available in a decision-making process that can be considered when planning strategies or solving problems.

Systematically Evaluating

The process of methodically assessing or examining something to determine its value, effectiveness, or significance based on set criteria.