Considering the Spectrum of Market Structures and Moving from Pure

question 150

Multiple Choice

Considering the spectrum of market structures and moving from pure competition to pure monopoly we can say that

• A) entry barriers get lower but exit gets more difficult.
• B) entry becomes harder but exit becomes easier.
• C) entry gets harder and the number of firms dwindles.
• D) none of the above.

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Definitions:

Trompenaars

A Dutch organizational theorist known for his work on cross-cultural communication and international management.

Organizational Cultural Classifications

Systems for categorizing the values, beliefs, and behaviors that define the unique social environment of an organization.

Power Distance

A cultural dimension that describes the extent to which members of a society accept and expect power to be distributed unequally.

Uncertainty Avoidance

A cultural dimension that describes the extent to which people in a society are uncomfortable with ambiguity and uncertainty and attempt to minimize these through strict laws and rules.