High Levels of Competition May Be Caused By

question 39

Multiple Choice

High levels of competition may be caused by:

• A)Rapid industry growth
• B)Low fixed costs
• C)A small number of competitors
• D)A lack of product differentiation
• E)Low exit barriers

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Definitions:

John Ogbu

An anthropologist known for his work on minority education in the United States, particularly regarding the concept of "voluntary" and "involuntary" minorities.

Social Capital

The networks of relationships among people who live and work in a particular society, enabling that society to function effectively, often associated with trust, cooperation, and reciprocity.

Double-Edged Sword

A situation or action that has both positive and negative outcomes or implications.

Model Minority

A stereotype applied to a particular demographic group suggesting that they achieve a higher degree of socioeconomic success than the population average, often oversimplifying real challenges.