This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Free entry is said to exist in an industry when: A) all firms entering an industry enjoy ... (Read 98 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
on: Jun 29, 2018
Free entry is said to exist in an industry when:
 
  A) all firms entering an industry enjoy economies of scale.
  B) entry is unfettered by any special legal or technical barriers.
  C) equal amounts of inputs are available to all firms entering an industry.
  D) the government subsidizes costs for all new firms entering an industry.

Question 2

Refer to the scenario above. If Frank discounts delayed utilities with a weight of 8/10, then which of the following statements is true?
 
  A) He will consume both hotdogs and ice cream.
  B) He will consume hotdogs but will avoid consuming ice cream.
  C) He will consume ice cream but will avoid consuming hotdogs.
  D) He will avoid consuming both hotdogs and ice cream.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amit

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Yolanda

  • Hero Member
  • *****
  • Posts: 757
Reply #2 on: Jun 29, 2018
Correct answers!


amit

  • Sr. Member
  • ****
  • Posts: 364
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Free-roaming mustangs (Utah, 2005) Free-roaming mustangs (Utah, 2005)
Tracking time of marker entry generates a chromosome map Tracking time of marker entry generates a chromosome map
bio industry bio industry
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ... As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ...
Jostle the thigh, tossing from side to side, hand to hand. Causes loose, free movement in the hip ... Jostle the thigh, tossing from side to side, hand to hand. Causes loose, free movement in the hip ...
Video: Regulation of GFR: autoregulation via tubuloglomerular feedback, neural & hormonal regulation

For a complete list of videos, visit our video library