Which of the following is not a barrier to entry? Government intervention Economies of scale The...
Which of the following is not a barrier to entry?
-
Government intervention
-
Economies of scale
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The price elasticity of demand
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Scarce resources
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Aggressive business tactics
Which of the following is is not an example of a barrier to entry that would lead to monopoly power?
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The government grants a copyright to the author of a book.
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Firms cannot enter industries in the short run, so there may be a single firm in the industry.
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To produce oil, a firm must have access to oil fields or other oil resources.
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There are large economies of scale in electricity generation.
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A firm cuts prices temporarily to harm its rivals.
Homework Answers
Ans) the correct option is c) The price elasticity of demand
Ans) the correct option is b) Firms cannot enter industries in the short run, so there may be a single firm in the industry
Add Answer to:
Which of the following is not a barrier to entry?
Government intervention
Economies of scale
The...
Which of the following is not a barrier to entry that typically results in monopoly? A)...
Which of the following is not a barrier to entry that typically results in monopoly? A) The firm controls the entire supply of a raw material. B) Production of the industry's product is subject to economies of scale over a broad range of output. C) Production of the industry's product requires a large initial capital investment. D) The firm holds an exclusive government franchise.
Which of the following can create monopolies? Instructions: You may select more than one answer. Click...
Which of the following can create monopolies? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. ? Scarce resources ? Government intervention 7 Economies of scale ? Aggressive business tactics Governments create monopolies through intellectual property rights such as patents and copyrights because: Othey want firms to make profits. they do not understand the losses due to monopoly. they do not...
Which of the following are common barriers to entry in a market that has a monopoly?...
Which of the following are common barriers to entry in a market that has a monopoly? Choose one or more: A. A monopolist could enjoy the benefits of a government-imposed barrier.B. A monopolist could charge a higher price than potential competitorsC. A monopolist could enjoy economies of scale. D. A monopolist could control a vital resource.
8) Which of the following is an example of a barrier to entry? A firm is...
8) Which of the following is an example of a barrier to entry? A firm is open for business only at certain hours of the day, and has its doors locked at other times The government grants licenses to taxicab drivers, without which it is illegal to operate a taxicab A newspaper sells advertising space to businesses The need to take risk when starting a new business Submit You currently have 0 submissions for this question. Only 1 submission are...
Help with 2-4 please. 2. Which of the following is correct? A. A purely competitive firm...
Help with 2-4 please.
2. Which of the following is correct? A. A purely competitive firm is a "Price Taker," while a monopolist is a "Price Maker." B. A purely competitive firm is a "Price Maker," while a monopolist is a "Price Taker." C. Both purely competitive and monopolistic firms are "Price Takers." D. Both purely competitive and monopolistic firms are "Price Makers." 3. Which of the following is not a barrier to entry? A. Economies of Scale B. Ownership...
which factor is NOT a barrier to entry? 13. One framework used to analyze strategie choices...
which factor is NOT a barrier to entry?
13. One framework used to analyze strategie choices is the tacit supply curve model. 3. game theory, perfect competition isk assessment D B c 14. The effect of product differentiation is to: A starta price war. redice prices to the cooperative level reduce the intensity of competition along the firms in the oligopoly D. increase the intensity of competition among the firm in the oligopoly HHHHHHHHH HELIH RSS THHHHHLEHET HHHHHHHH 1JEHHHHHHH 15....
Question 7 5 pts Let's say that you know the following information for an oligopoly firm:...
Question 7 5 pts Let's say that you know the following information for an oligopoly firm: Total Revenue equals $200 million. Variable Costs are $170 million. Fixed Costs equal $20 million. The firm is currently producing 2,000 products at the MC = MR point (and the MC curve is rising). What recommendation do you have for this firm? Assuming the firm's costs remain the same, the firm should produce fewer products in order to decrease its marginal costs. The profit...
ID: A 9. When a monopolist is able to sell its product at different prices, it...
ID: A 9. When a monopolist is able to sell its product at different prices, it is engaging in a quality adjusted pricing. b. price differentiation. c. price discrimination. d. distribution pricing. 10. A natural monopoly occurs when a. the product is sold in its natural state (such as water or diamonds). b. there are economies of scale over the relevant range of output. c. the firm is characterized by a rising marginal cost curve. d. production requires the use...
I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this p...
I need Summary of this Paper i dont need long summary i need
What methodology they used , what is the purpose of this paper and
some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...
Which of the following can create monopolies? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. ? Scarce resources ? Government intervention 7 Economies of scale ? Aggressive business tactics Governments create monopolies through intellectual property rights such as patents and copyrights because: Othey want firms to make profits. they do not understand the losses due to monopoly. they do not...
8) Which of the following is an example of a barrier to entry? A firm is open for business only at certain hours of the day, and has its doors locked at other times The government grants licenses to taxicab drivers, without which it is illegal to operate a taxicab A newspaper sells advertising space to businesses The need to take risk when starting a new business Submit You currently have 0 submissions for this question. Only 1 submission are...
Help with 2-4 please.
2. Which of the following is correct? A. A purely competitive firm is a "Price Taker," while a monopolist is a "Price Maker." B. A purely competitive firm is a "Price Maker," while a monopolist is a "Price Taker." C. Both purely competitive and monopolistic firms are "Price Takers." D. Both purely competitive and monopolistic firms are "Price Makers." 3. Which of the following is not a barrier to entry? A. Economies of Scale B. Ownership...
which factor is NOT a barrier to entry?
13. One framework used to analyze strategie choices is the tacit supply curve model. 3. game theory, perfect competition isk assessment D B c 14. The effect of product differentiation is to: A starta price war. redice prices to the cooperative level reduce the intensity of competition along the firms in the oligopoly D. increase the intensity of competition among the firm in the oligopoly HHHHHHHHH HELIH RSS THHHHHLEHET HHHHHHHH 1JEHHHHHHH 15....
Question 7 5 pts Let's say that you know the following information for an oligopoly firm: Total Revenue equals $200 million. Variable Costs are $170 million. Fixed Costs equal $20 million. The firm is currently producing 2,000 products at the MC = MR point (and the MC curve is rising). What recommendation do you have for this firm? Assuming the firm's costs remain the same, the firm should produce fewer products in order to decrease its marginal costs. The profit...
ID: A 9. When a monopolist is able to sell its product at different prices, it is engaging in a quality adjusted pricing. b. price differentiation. c. price discrimination. d. distribution pricing. 10. A natural monopoly occurs when a. the product is sold in its natural state (such as water or diamonds). b. there are economies of scale over the relevant range of output. c. the firm is characterized by a rising marginal cost curve. d. production requires the use...
I need Summary of this Paper i dont need long summary i need
What methodology they used , what is the purpose of this paper and
some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...
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