Which of the Following Creates a Barrier to Subsequent Entries

question 110

Multiple Choice

Which of the following creates a barrier to subsequent entries in an industry dominated by first movers?

• A)laissez-faire stance toward trade adopted by first movers
• B)iImplementation of policies to maximize imports and minimize exports
• C)specializing in the production of goods for which firms have a comparative advantage
• D)ability of first movers to benefit from increasing returns
• E)decrease in the variety of goods available to consumers and increase in the cost of existing goods

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Definitions:

Biological Instincts

Innate tendencies or fixed patterns of behavior present in animals and humans that are driven by biological factors.

Childhood Trauma

Experiences of distressing or disturbing events during childhood that can have long-lasting psychological effects.

Neurotic Need

An intense psychological demand that arises from emotional conflicts and insecurities, often leading to maladaptive behavioral patterns.

Neurotic Competitiveness

An unhealthy need to compete and win in all situations, often stemming from insecurity and a desire for validation or superiority.