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

Author Question: What impact would easy entry have on the profitability of ... (Read 23 times)

audie

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
What impact would easy entry have on the profitability of oligopolies?

Question 2

A _____ requires workers to comply with orders from a boss, who need not consult them when making decisions, and to be paid for their cooperation.
 a. residual claimant
  b. hierarchy
  c. shareholder
  d. cooperative


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

maya.nigrin17@yahoo.com

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

When market entry is easy, newcomers will be attracted to the industry whenever excess profits are available. This is likely to lead to the breakdown of tacit agreements of existing firms to hold prices at the current levels. Existing firms may lower their prices to reduce or eliminate the incentives for new firms to enter the market, negatively impacting profitability.

Answer to Question 2

B


audie

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
Gracias!

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Confirming an Extinction-Level Impact Site Confirming an Extinction-Level Impact Site
Triumphal Entry, page from a manuscript of Firdawsi's Shahnamah, Persian, Safavid culture. Triumphal Entry, page from a manuscript of Firdawsi's Shahnamah, Persian, Safavid culture.
Example of Index entry with Main Term and indented subterms. Example of Index entry with Main Term and indented subterms.
As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ... As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ...
An impact screwdriver used to remove slotted or Phillips head fasteners that cannot be broken loose ... An impact screwdriver used to remove slotted or Phillips head fasteners that cannot be broken loose ...
Attachment and cell entry by HIV. Attachment and cell entry by HIV.
Video: Introduction to Herpes

For a complete list of videos, visit our video library