Slashing prices is an example of an entry barrier created by a(n)
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Question

Slashing prices is an example of an entry barrier created by a(n) 
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BlackTom AI · Accepted Answer

First, consider the concept being tested: an entry barrier is a tactic or condition that makes it harder for new firms to enter a market. Slashing prices, or predatory pricing, is a classic example of a strategy used by established players to deter new entrants by temporarily driving prices below cost or profit levels to capture market share. 
Option discussion:
- 空白1: This placeholder option represents the blank to be filled. In this context, the term that best completes the sentence is the actor behind the barrier. Since the action described (slashing prices) is typically employed by incumbents to raise entry barriers, the missing word should identify the party responsible. 
Analytical note on the market roles: An incumbent firm is an existing player in the market that might leverage aggressive pricing to protect its position and raise the risk for potential entrants. This aligns with standard economic explanations of entry barriers like predatory pricing or limit pricing, both of which are tools used by incumbents to maintain market power. 
Why other interpretations would be incorrect here: If one were to attribute the barrier to a new entrant, it would contradict the concept of a barrier created by an established player; barriers are typically actions or conditions created by incumbents to deter competition, not by the entrants themselves. If the blank were to be filled with a term like 'government' or 'regulator', slashing prices would not be a typical example of an entry barrier created by that party; it would be a market-actor strategy rather than a policy barrier. 
In sum, the intended fill for the sentence—the actor who creates this price-based barrier via aggressive pricing—is the incumbent.

Slashing prices is an example of an entry barrier created by a(n) .

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