Conditions That May Prevent New Firms from Entering an Industry

question 55

Multiple Choice

Conditions that may prevent new firms from entering an industry are referred to as

• A)barriers to entry.
• B)strategic maneuvers.
• C)unfair trade practices.
• D)industry regulators.
• E)entry inhibitors.

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Definitions:

Unicellular Eukaryotes

Organisms that consist of a single cell and have a nucleus enclosed within membranes, unlike prokaryotic cells.

Protists

Eukaryotic organisms that are not plants, animals, or fungi and are often unicellular, such as amoebas or algae.

Bacteria

Single-celled microorganisms that can exist either as independent organisms or as parasites, with some causing diseases and others being beneficial.

Heterotrophic

Describes organisms that obtain their energy by consuming other organisms, as they cannot synthesize their own food.