Zara is the largest fashion retailer in Europe. Which of the following would not a barrier to entry that protects Zara's market power?
a. two weeks to develop and deliver a new item, as opposed to an industry average of nine months
b. 10,000 new designs a year
c. stores can restock in a few days
d. little advertising
e. new fashions distributed twice a week, as opposed to twice a season
Question 2
A person can cause a negative externality by
a. becoming immunized
b. talking loudly in a restaurant
c. landscaping her lawn
d. paying taxes
e. attending school
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