The level of competition in an industry is affected by the ease with which new producers can enter the industry, and by consumers' information about the availability, price and quantity of substitute goods and services.
Standard detail
2.
Benchmark
Depth 1Parent ID: 153C59D2D113416086CE5C5B45C59287Standard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 2.
- List ID
- 2.
- Standard ID
- 79D177F2C8094F87A2D7D08AF40E7568
- ASN identifier
- S2604753
- Subject
- Economics
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 153C59D2D113416086CE5C5B45C59287
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US