If barriers to entry ________ or product differentiation ________, competition in a market will ________.  increase; increases; increase increase; decreases; increase decrease; increases; increase decrease; decreases; increase decrease; decreases; decreas

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter24: Price-searcher Markets With High Entry Barriers
Section: Chapter Questions
Problem 7CQ
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33. If barriers to entry ________ or product differentiation ________, competition in a market will ________. 
increase; increases; increase
increase; decreases; increase
decrease; increases; increase
decrease; decreases; increase
decrease; decreases; decrease
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