A merit good is defined as a good:

An example of a repugnant market could be:

Congestible public goods become rival when:

Transaction costs refer to:

Regulation can solve externalities by:

Hidden-action problems create:

Legal redress (lawsuits) works when:

Which of the following things did Steve Jobs NOT do as part of his turnaround strategy for Apple?

An analysis of the pickle industry using Porter’s Five Forces analysis suggests that the threat of new entrants is high, there are many substitutes available for pickles, customers have high bargaining power, and the competitive rivalry within the industry is intense. The logical conclusion is that the industry is likely to be unprofitable. 

The main difference between PESTEL and SWOT analysis is that the former considers both internal and external factors, whereas the latter considers only internal factors.