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:

Cognitions

The mental actions or processes of acquiring knowledge and understanding through thought, experience, and the senses.

Motivations

The underlying forces or reasons that drive individuals to engage in certain behaviors or pursue particular goals.

Needs

Internal states that drive action that is necessary to survive or thrive.

Primary Emotions

Fundamental emotions, such as joy, sadness, anger, and fear, that are universal and biologically based.