Isolating Mechanisms Are

question 34

Multiple Choice

Isolating mechanisms are:

• A)Barriers to the erosion of interfirm profit differentials
• B)Mechanisms that impede the equilibration of rents between industries
• C)The same as "barriers to mobility"
• D)Sources of disequilibrium that cause the profitability of different firms in an industry to diverge over time

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Definitions:

Power-Distance Value

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

Unequal Power

Describes a situation where power is distributed unevenly among individuals or groups, leading to disparities in influence and authority.

Performance Orientation Value

The relative importance placed on achieving high levels of performance and excellence, often reflected in the culture and goals of an organization or individual.

High Standards

Expectations that are significantly above average or what is considered the norm.