All of the Following Are Ways by Which Existing Firms

question 243

Multiple Choice

All of the following are ways by which existing firms can deter the entry of new firms into an industry except

• A)continuously producing new and improved products.
• B)earning less than maximum profit.
• C)advertising products aggressively.
• D)threatening to raise prices.

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Definitions:

Being Paid

The act of receiving money or compensation for work or services rendered.

Firebreak

A gap in vegetation or other combustible material that acts as a barrier to slow or stop the progress of a wildfire or bushfire.

Housing Construction

Refers to the process of building and designing residential buildings, ranging from single-family homes to multi-unit apartments.

Fires

Uncontrolled burning that can cause damage to structures, landscapes, and can pose a safety risk to individuals.