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 112 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?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

bio industry bio industry
Free Energy Enzymes Free Energy Enzymes
A free-running circadian sleep–wake cycle 25.3 hours in duration. Despite living in an unchanging ... A free-running circadian sleep–wake cycle 25.3 hours in duration. Despite living in an unchanging ...
The impact of industry and manufacturing on our life The impact of industry and manufacturing on our life
Economic objectives of firms Economic objectives of firms
Time-of-entry mapping Time-of-entry mapping
Video: Endocytosis - pinocytosis, receptor mediated and Transcytosis

For a complete list of videos, visit our video library