« previous next »

Author Question: What is a legal barrier to entry? What will be an ideal ... (Read 34 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
on: Jun 29, 2018
What is a legal barrier to entry?
 
  What will be an ideal response?

Question 2

What reasons do governments often give to justify the decision to not allow price to ration goods?
 
  What will be an ideal response?


ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 29, 2018
Answer to Question 1

A legal barrier to entry arises when entry is restricted because a natural resource is owned by one person or the government has granted a franchise, patent, license or copyright to one person or firm.

Answer to Question 2

(1.) Price gouging is bad.
(2.) Income is unfairly distributed.
(3.) Some items are necessities and thus everyone should be able to afford them.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Effect of the activation energy barrier. Effect of the activation energy barrier.
Cultures Ideal Body Types Cultures Ideal Body Types
Israeli Security Barrier Israeli Security Barrier
The CHRIS manual entry for toluene. Useful information includes response information, chemical and ... The CHRIS manual entry for toluene. Useful information includes response information, chemical and ...
If CP for an ideal gas is 35.4 J/molK, which of the following is CV for this gas? If CP for an ideal gas is 35.4 J/molK, which of the following is CV for this gas?
Time-of-entry mapping Time-of-entry mapping
Video: Parathyroid hormone (bone resorption) & Calcitonin (bone deposition)

For a complete list of videos, visit our video library