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If a firm in a market with no entry or exit barriers raises its prices

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SVP
SVP
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P
Joined: 12 Dec 2016
Posts: 1714
Location: United States
GMAT 1: 700 Q49 V33
GPA: 3.64
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If a firm in a market with no entry or exit barriers raises its prices  [#permalink]

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New post 13 Mar 2018, 11:26
1
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

79% (01:12) correct 21% (01:20) wrong based on 103 sessions

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If a firm in a market with no entry or exit barriers raises its prices above marginal cost and begins to earn abnormal profits, potential rivals will enter the market to make an advantage of these profits.

A make an advantage of these profits
B take advantage with these profits
C profit from these advantages
D take advantage of these profits
E take advantage from this profit

Is OA correct?
Manager
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G
Joined: 14 Oct 2017
Posts: 249
GMAT 1: 710 Q44 V41
Re: If a firm in a market with no entry or exit barriers raises its prices  [#permalink]

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New post 13 Mar 2018, 12:58
The idiom is "to take advantage of something". Thus, D) must be correct.
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Joined: 12 Mar 2018
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Re: If a firm in a market with no entry or exit barriers raises its prices  [#permalink]

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New post 13 Mar 2018, 15:59
It is idiom problem. ‘Take advantage of’

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Director
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G
Joined: 21 May 2013
Posts: 651
If a firm in a market with no entry or exit barriers raises its prices  [#permalink]

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New post 14 Mar 2018, 04:33
1
I dont think OA can be correct here. Answer must be C. How can you take advantage of profits?And ya, just because there is no other error does not mean that we have to force it to be an idiomatic problem. I see most questions quoted as from GMAT Paper tests are of poor quality and have been retired. Anyways, experts know best.
GMATNinja
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If a firm in a market with no entry or exit barriers raises its prices &nbs [#permalink] 14 Mar 2018, 04:33
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If a firm in a market with no entry or exit barriers raises its prices

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