Multiple Choice
Which of the following is true?
A) Competitive forces are stronger in markets with high entry barriers than in those where entry barriers are low.
B) Quality competition is an important element of the competitive process.
C) If the production of a good is highly profitable, the development of substitute products will be discouraged.
D) High barriers to entry are only the result of natural factors not artificial factors like government regulations.
Correct Answer:
Verified
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