You Could Conclude That

question 100

Multiple Choice

You could conclude that

• A)new firms will enter the industry.
• B)existing firms will leave the industry.
• C)the industry is in the long run.

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Definitions:

Negotiation

The process by which two or more parties with different needs or goals discuss an issue in an attempt to reach a compromise or agreement.

Mediation

A form of alternative dispute resolution where a neutral third party helps the disputing parties find a mutually satisfactory solution.

Med-Arb

A combined process of mediation and arbitration where parties first attempt mediation, and if unresolved, the same or a different neutral party arbitrates the dispute.

Alternative Dispute Resolution

Alternative Dispute Resolution (ADR) encompasses methods outside the judicial system to resolve disputes, including arbitration and mediation.