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MrMuchimi
3 years ago
14

With _____, there are barriers to entry that keep competitors out of the market.

History
2 answers:
AysviL [449]3 years ago
7 0
B, a monopoly because when a company monopolizes other companies, it means they're buying them out, which results in no competition
katovenus [111]3 years ago
5 0

The correct answer is B.

A monopoly is a market structure where a single firm serves the whole demand of a specific good or service. It does not face competitors because there are no products that can act as close substitutes, therefore, such firm has absolute market power to decide the price charged for its products. So, the monopoly is able to charge a higher price than in a perfect competition scenario and will earn much larger profits.

<u>Morover, in order to protect its privileged position, the monopolist sets trade barriers that prevent new competitors from entering the industry.</u> For example, monopolies are usually large firms that enjoy economies of scale therefore, if they want to, they can lower the prices of their products up to a point that is impossible for newly-born enterprises. Such cheap prices would attract the whole demand and the new firm would be forced to close down and abandon the sector.

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Which term means "the process by which two or more cultures become more<br> similar
miv72 [106K]

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Cultural Convergance

Explanation:

Think of this to help you remember

<em><u>C</u></em><em><u>u</u></em><em><u>l</u></em><em><u>t</u></em><em><u>u</u></em><em><u>r</u></em><em><u>a</u></em><em><u>l</u></em><em><u> </u></em><em><u>&</u></em><em><u>'</u></em><em><u> </u></em><em><u>P</u></em><em><u>l</u></em><em><u>u</u></em><em><u>r</u></em><em><u>a</u></em><em><u>l</u></em> share their root ending, <em><u>-</u></em><em><u>r</u></em><em><u>a</u></em><em><u>l</u></em><em><u>,</u></em><em><u> </u></em> meaning at least 2 , but no less

<em><u>C</u></em><em><u>o</u></em><em><u>n</u></em><em><u>v</u></em><em><u>e</u></em><em><u>r</u></em><em><u>g</u></em><em><u>a</u></em><em><u>n</u></em><em><u>c</u></em><em><u>e</u></em> is just a big word for bring together and make it one, equal or whole. So , <em><u>C</u></em><em><u>u</u></em><em><u>l</u></em><em><u>t</u></em><em><u>u</u></em><em><u>r</u></em><em><u>a</u></em><em><u>l</u></em><em><u> </u></em><em><u>C</u></em><em><u>o</u></em><em><u>n</u></em><em><u>v</u></em><em><u>e</u></em><em><u>r</u></em><em><u>g</u></em><em><u>a</u></em><em><u>n</u></em><em><u>c</u></em><em><u>e</u></em> , means the joining, combing or "converging/merging" together 2 or more reasonably different ways of living, different types of beliefs/morals, clothing needs to be made to accompany new styles to, more construction to meet population standards...

But to pretty much sumn up why <em><u>C</u></em><em><u>u</u></em><em><u>l</u></em><em><u>t</u></em><em><u>u</u></em><em><u>r</u></em><em><u>a</u></em><em><u>l</u></em><em><u> </u></em><em><u>C</u></em><em><u>o</u></em><em><u>n</u></em><em><u>v</u></em><em><u>e</u></em><em><u>r</u></em><em><u>g</u></em><em><u>a</u></em><em><u>n</u></em><em><u>c</u></em><em><u>e</u></em> is your correct answer

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