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

Author Question: In a competitive industry a. the industry has high barriers to entry b. the industry has high ... (Read 115 times)

crobinson2013

  • Hero Member
  • *****
  • Posts: 535
on: Jul 1, 2018
In a competitive industry
 a. the industry has high barriers to entry
 b. the industry has high barriers to exit
 c. the industry has high barriers to entry and exit
  d. the industry has no barriers to entry or exit

Question 2

Anna's Antiques expects to get three bidders for the unique china teacup it sells. Each of the bidders can either have a high-value of 100 or a low-value of 70 with equal probability. If three bidders show up at the auction and two of the bidders are low value, what would the winning price be?
 a. Just above 100
  b. 100
 c. Just above 70
 d. 70


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Briannahope

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

d

Answer to Question 2

c


crobinson2013

  • Member
  • Posts: 535
Reply 2 on: Jul 1, 2018
Excellent

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

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.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Shy children often have a high arousal level in novel social situations. Over time, parents can help ... Shy children often have a high arousal level in novel social situations. Over time, parents can help ...
A gasoline direct-injection system injects fuel under high pressure directly into the combustion ... A gasoline direct-injection system injects fuel under high pressure directly into the combustion ...
Graduating High School Graduating High School
Step stool can help clients get onto and off of a high table. Step stool can help clients get onto and off of a high table.
People using walkers typically have a high level of mobility impairment. People using walkers typically have a high level of mobility impairment.
Almonds contain high levels of healthy unsaturated fatty acids Almonds contain high levels of healthy unsaturated fatty acids
Video: Physiology of Asthma

For a complete list of videos, visit our video library