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Author Question: A virtuous cycle occurs A) when a firm can attract enough buyers initially to increase a ... (Read 193 times)

Sufayan.ah

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on: Jun 29, 2018
A virtuous cycle occurs
 
  A) when a firm can attract enough buyers initially to increase a product's usefulness to attract even more buyers.
  B) when lobbyists petition members of Congress to grant a public franchise; the lobbyist then raise money for those Congress members who granted the franchise.
  C) when monopoly profits are used to create new products for additional monopoly profits.
  D) when a firm's sales volume reaches a level where the firm can take advantage of economies of scale; thereby reducing the price of the product to further boost its sales.

Question 2

A patent is a government-imposed entry barrier because
 
  A) it is a key input owned by the firm that is granted the patent.
  B) it allows a firm to achieve economies of scale.
  C) it gives a firm the exclusive right to a new product for a period of 20 years from the date the product is invented.
  D) it limits the quantity of a good that can be imported into a country.
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Toya9913

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Reply #1 on: Jun 29, 2018
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.
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Sufayan.ah

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

chereeb

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Reply 3 on: Yesterday
Excellent

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