Cost Disadvantages for New Entrants Can Arise from

question 47

Multiple Choice

Cost disadvantages for new entrants can arise from

• A) technology, location, and raw materials
• B) learning, government subsidies, and socio-cultural factors
• C) location, raw materials, and demographic factors
• D) technology, government subsidies, and competitive rivalry

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Definitions:

Doodads

A nonspecific term often used to refer to small, miscellaneous items or gadgets.

Producer Surplus

The difference between the amount a producer is willing to accept for a good versus what they actually receive, often due to market prices.

Government Imposes

Actions taken by the government to regulate, tax, or otherwise exert authority over individuals and organizations, typically with the aim of affecting economic outcomes.

Tax

A compulsory economic imposition or another variety of levy tasked to a taxpayer by a governmental structure to provision government financial obligations and various public welfare expenses.