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Author Question: A budget-constrained public enterprise may behave quite differently when entry is barred than it ... (Read 58 times)

jon_i

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on: Jul 1, 2018
A budget-constrained public enterprise may behave quite differently when entry is barred than it would when new entry is allowed.
 
  Indicate whether the statement is true or false

Question 2

Decision making is a process, what is the first step?
 
  a. Define the decision
  b. Estimate resources
  c. Consider alternatives
  d. Imagine consequences


ghepp

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Reply #1 on: Jul 1, 2018
Answer to Question 1

T With entry barred, the public enterprise might exploit a market where demand is less elastic to raise price and raise revenue for the enterprise.

Answer to Question 2

A


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