Which of the Following Is Not a Reason Why Government

question 113

Multiple Choice

Which of the following is not a reason why government officials are willing to impose entry barriers?

• A)to raise revenue
• B)to encourage innovation which may improve the standard of living in the long run
• C)to increase economic efficiency
• D)to promote an equitable distribution of income

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Definitions:

Porter's Five Forces Model

A framework for analyzing a company's competitive environment, focusing on five forces that shape every industry and market.

Intense Rivalry

A situation in a market where competitors aggressively compete with each other for market share, often leading to aggressive strategies and tactics.

Substitute Products

Goods or services that serve as replacements for each other; the presence of substitutes can influence market dynamics and competition.

BCG Matrix

A strategic business tool developed by the Boston Consulting Group to help organizations analyze and decide on the management of their product portfolio based on market growth and market share.