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Author Question: Which of the following is an example of a durable strategy undertaken by firms to prevent ... (Read 64 times)

Coya19@aol.com

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on: Jun 30, 2018
Which of the following is an example of a durable strategy undertaken by firms to prevent competition?
 a. Purchasing the latest technology available in the market
  b. A firm spending huge sums on advertisements.
  c. Selecting a unique location for carrying out operation
  d. Identifying a competent sales force

Question 2

In the long run, a monopolistic competitor's price will equal:
 a. marginal revenue.
 b. average total cost.
 c. marginal cost.
 d. minimum average total cost.


alexisweber49

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

b


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