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If There Are Many Barriers to Entry, the Threat of New

question 86

True/False

If there are many barriers to entry, the threat of new entrants is greater.


Definitions:

Marries

The act of entering into a legal or spiritual union with another person, recognized by society or religious institutions as a partnership.

Scientific Method

A systematic procedure for collecting and analyzing evidence, critical in the exploration and understanding of the natural world.

Intolerance

The unwillingness to accept views, beliefs, or behavior that differ from one's own.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of values, commonly used values include the mean, median, and mode.

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