If No Barriers Blocking Entry of Resources to a Market

question 17

Short Answer

If no barriers blocking entry of resources to a market exist,then __________ is said to exist.

---

Definitions:

Coin Twice

The action or experiment of flipping a coin two times consecutively, often used to illustrate basic probability.

Events

Occurrences or happenings, especially significant ones, or in probability theory, the outcomes or sets of outcomes of a random experiment.

Independent

Not influenced by others; making decisions or drawing conclusions based on one's own thoughts and conditions, not controlled by external factors.

Speeding Ticket

A fine or penalty issued by law enforcement to drivers exceeding the legal speed limit.