When Existing Firms Lose Customers and Profits Due to Entry

question 81

Multiple Choice

When existing firms lose customers and profits due to entry of a new competitor, a

• A)predatory-pricing externality occurs.
• B)consumption externality occurs.
• C)business-stealing externality occurs.
• D)product-variety externality occurs.

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Definitions:

Palpate

The technique of examining parts of the body by touch, especially for medical purposes such as feeling organs, lymph nodes, or detecting abnormalities.

Intercostal Spaces

The anatomical spaces between the ribs that contain muscles and nerves.

Vital Signs

Basic physiological measurements used to assess the most critical body functions, including temperature, pulse, respiration, and blood pressure.

Menopause

The time in a woman's life, typically between 45 and 55 years of age, when menstrual periods permanently cease, marking the end of reproductive ability.