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

Author Question: In discussions of barriers to entry, what is meant by the term "virtuous cycle"? (Read 520 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Oct 8, 2019

In discussions of barriers to entry, what is meant by the term "virtuous cycle"?


◦

A virtuous cycle refers to successful research and development that leads to information that is used to develop other new products.


◦

A virtuous cycle refers to the situation where the pursuit of self-interest in establishing an entry barrier leads to an increase in social welfare (the "invisible hand").


◦

A virtuous cycle refers to a situation where if a firm can attract enough customers initially, it can attract additional customers because its product's value has been increased by other customers using it, which attracts even more customers.


◦

A virtuous cycle refers to a firm using the profits from a monopoly in one market to establish a monopoly in another market.

InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nautica902 on Oct 8, 2019

asware1

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Oct 8, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


nautica902

  • Hero Member
  • *****
  • Posts: 591
Reply #2 on: Oct 8, 2019
Thanks


asware1

  • Sr. Member
  • ****
  • Posts: 318
Reply #3 on: Oct 8, 2019
Welcome :)


« previous next »
 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

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

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

The life cycle of Plagiorhynchus cylindraceus, an intestinal parasite of birds. The life cycle of Plagiorhynchus cylindraceus, an intestinal parasite of birds.
Carbon Cycle Carbon Cycle
Life-cycle of the Sun; sizes are not drawn to scale. Life-cycle of the Sun; sizes are not drawn to scale.
Role of PKM-zeta in Long-Lasting Long-Term Potentiation Role of PKM-zeta in Long-Lasting Long-Term Potentiation
A schematic diagram of the functional cycle of the Na+–K+ pump A schematic diagram of the functional cycle of the Na+–K+ pump
Life cycle of Obelia, a hydrazoan that has alternating medusa (left) and polyp generations Life cycle of Obelia, a hydrazoan that has alternating medusa (left) and polyp generations
Video: Haustral churning, Gastrocolic reflex and mass peristalsis & Defecation

For a complete list of videos, visit our video library