Question: Which statements are true regarding the SCP model? (Select all that apply) Came to be used to assess the possibilities for under-normal profits for
Which statements are true regarding the SCP model? (Select all that apply) Came to be used to assess the possibilities for under-normal profits for firms within an industry It was originally developed to spot anticompetitive conditions for antitrust purposes Models of environmental threats were developed from this economic tradition It evaluates the industry structure, i.e. number of competing firms and homogeneity of products Question 10 Technological change only results in opportunities, never in threats True False Question 11 1 pts 1 pts How can a firm avoid threats from a new entrant? (Select all that apply) By using barriers to entry such as reducing the quality of supply. By creating substitutes to fill the same need but in a different way. By using product differentiation to force the new entrant to overcome customer loyalties to existing products By saving through economies of scale.
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