The Level of Competition in a Given Market Tends to Increase

question 36

Multiple Choice

The level of competition in a given market tends to increase if:

• A) minimum efficient scale of firms increases.
• B) the number of substitutes increase.
• C) significant barriers to exit are imposed.
• D) the number of potential entrants decreases.

---

Definitions:

Economic Security

The condition of having stable income or other resources to support a standard of living now and in the foreseeable future.

Civil Rights

The rights of citizens to political and social freedom and equality, including protection from discrimination based on race, religion, gender, or ethnicity.

Lyndon Johnson

The 36th President of the United States, serving from 1963 to 1969, known for his domestic policies, including the “Great Society” legislation.

Poor Urban Neighborhoods

Areas within cities characterized by lower socioeconomic status, often facing issues like overcrowding, inadequate housing, and limited access to services.