Even if there are significant barriers to entry, firms may not be ...

[theo]

Even if there are significant barriers to entry, firms may not be highly profitable
 a. Substitute product offerings among rivals
 b. The ability of consumers to switch to substitute products easily
  c. All of the above
 d. None of the above

Question 2

Someone who values a lottery at more than the expected value is
 a. a risk lover
 b. risk neutral
 c. risk averse
 d. one who tends to play lots of lotteries

[GCabra]

Answer to Question 1

c

Answer to Question 2

a

[theo]

Thanks for the timely response, appreciate it

[nguyenhoanhat]

TYSM