Examlex
Which of the following is likely to be a characteristic of a developing country?
Entry Barriers
Obstacles that prevent new competitors from easily entering an industry or area of business.
Four-Firm Concentration Ratio
A metric that represents the market share of the four largest firms in an industry as a percentage of the total industry's output.
Restaurant Industry
A sector of the economy comprising establishments primarily engaged in preparing and serving meals, snacks, and beverages for immediate consumption.
Metropolitan Area
A region consisting of a densely populated urban core and its less-populated surrounding territories, sharing industry, infrastructure, and housing.
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