Homework Answers
"D"
Both economies of scale and the certificate of need can be the barrier to entry within the hospital industry. The answer is "D" both A and C can be the right answer.
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10-Which of the following reasons might serve as a barrier to entry within the hospital services...
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.
Understanding possible entry barriers is most important when analyzing which of the industry forces? Threat of...
Understanding possible entry barriers is most important when analyzing which of the industry forces? Threat of competitive rivalry Threat of suppliers Threat of new entrants Threat of buyers Threat of substitutes Which of the following is not a condition that makes suppliers of an industry more powerful? A) There are a high number of suppliers. B) The industry is not important to the supplier group. C) There are high switching costs for firms in the industry to switch from current...
which of the following reagents might serve as the basis for a simple chemical test that...
which of the following reagents might serve as the basis for a
simple chemical test that would distinguish between 2-butane and
2-butanol ?
Is IR considered "simple"
4 d. 5 e. 6 22. Whic h of the following reagents might serve as the basis for a simple chemical test that would distinguish between 2-Butene and 2-Butanol? a. CrO3 in H2SO0A4 es b. I.R. spectrum Yes d. e. two of the above all of the above
Which of the following is not an example of a barrier to entry? O A. altering...
Which of the following is not an example of a barrier to entry? O A. altering the characteristics of a differentiated product O B. predatory pricing OC. advertising OD. the introduction of new products O E a cartel G Tacit collusion in an oligopolistic industry O A. occurs when firms achieve the cooperative outcome without an explicit agreement B. results in a non-cooperative equilibrium OC. occurs when firms make an explicit agreement to cooperate OD. results in competitive behaviour, O...
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.
Which of the following statements is FALSE regarding reasons for economies of scale? a Complexity increases...
Which of the following statements is FALSE regarding reasons for economies of scale? a Complexity increases costs b Fixed costs are spread over more units, reducing the fixed cost per unit c Construction costs increase at a decreasing rate with respect to the size of the facility to be built d Processing costs decrease as output rate increases because operations become more standardized, which reduces unit costs
Describe the various types of local (within borders) legal systems. Discuss how these differences might affect a...
Describe the various types of local (within borders) legal systems. Discuss how these differences might affect a company that wishes to conduct international business. Please use examples to supplement your answer. Material life primarily refers to the technologies that are used to produce, distribute, and consume goods and services within a society. True False Under ____________ exporting, a firm sells its products via an intermediary located in the foreign market. Governments often decide to block trade. All of the following are reasons...
Which of the following is true of monopolistic competition? a. There is free entry and exit...
Which of the following is true of monopolistic competition? a. There is free entry and exit of firms in response to short-run profits. b. The industry comprises of very few firms. c. Firms in the industry produce homogenous products. d. The firms in the industry exhibit constant returns to scale in production e. In the long run firms earn positive economic profits.
Part 1: List 5 Barriers to entry into a market
Part 1: List 5 Barriers to entry into a market1) _____________________________________ 2) _____________________________________3) _____________________________________ 4) _____________________________________5) _____________________________________Complete the following calculationsQuantityPriceTotal RevenueMarginal Revenue0$221$202$183$164$145$126$107$88$6Fill in the blanksA) ____________ ____________ is the ability of a seller or a buyer to affect market price.B) ____________ ____________ is the change in total revenue from selling one additional unit of output.C) ____________ to entry are factors that block the entry of new firms into a market.D) ____________ is a firm that is the lone seller of...
31. If two countries begin trade and both produce a product subject to internal economies of...
31. If two countries begin trade and both produce a product subject to internal economies of scale, then the country with the rate of production will production until it controls of the market. A) higher; increase; 50%. B) higher, increase; 100%. C) higher; decrease; 0% D) lower; increase; 50%. E) lower, increase; 100%. 32.__. The primary determinant of patterns of interregional trade is: A) accidents of history. B) centralized optimization. C) resource allocations. D) weather. E) factor abundance. 33. The...
which of the following reagents might serve as the basis for a
simple chemical test that would distinguish between 2-butane and
2-butanol ?
Is IR considered "simple"
4 d. 5 e. 6 22. Whic h of the following reagents might serve as the basis for a simple chemical test that would distinguish between 2-Butene and 2-Butanol? a. CrO3 in H2SO0A4 es b. I.R. spectrum Yes d. e. two of the above all of the above
Which of the following is not an example of a barrier to entry? O A. altering the characteristics of a differentiated product O B. predatory pricing OC. advertising OD. the introduction of new products O E a cartel G Tacit collusion in an oligopolistic industry O A. occurs when firms achieve the cooperative outcome without an explicit agreement B. results in a non-cooperative equilibrium OC. occurs when firms make an explicit agreement to cooperate OD. results in competitive behaviour, O...
Which of the following is true of monopolistic competition? a. There is free entry and exit of firms in response to short-run profits. b. The industry comprises of very few firms. c. Firms in the industry produce homogenous products. d. The firms in the industry exhibit constant returns to scale in production e. In the long run firms earn positive economic profits.
31. If two countries begin trade and both produce a product subject to internal economies of scale, then the country with the rate of production will production until it controls of the market. A) higher; increase; 50%. B) higher, increase; 100%. C) higher; decrease; 0% D) lower; increase; 50%. E) lower, increase; 100%. 32.__. The primary determinant of patterns of interregional trade is: A) accidents of history. B) centralized optimization. C) resource allocations. D) weather. E) factor abundance. 33. The...
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