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

Author Question: Free entry is said to exist in an industry when: A) all firms entering an industry enjoy ... (Read 72 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
on: Jun 29, 2018
Free entry is said to exist in an industry when:
 
  A) all firms entering an industry enjoy economies of scale.
  B) entry is unfettered by any special legal or technical barriers.
  C) equal amounts of inputs are available to all firms entering an industry.
  D) the government subsidizes costs for all new firms entering an industry.

Question 2

Refer to the scenario above. If Frank discounts delayed utilities with a weight of 8/10, then which of the following statements is true?
 
  A) He will consume both hotdogs and ice cream.
  B) He will consume hotdogs but will avoid consuming ice cream.
  C) He will consume ice cream but will avoid consuming hotdogs.
  D) He will avoid consuming both hotdogs and ice cream.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amit

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Yolanda

  • Hero Member
  • *****
  • Posts: 757
Reply #2 on: Jun 29, 2018
Correct answers!


amit

  • Sr. Member
  • ****
  • Posts: 364
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

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

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
Selected Pediatric Drugs for Which Specific Indications and Dosage Guidelines Exist Selected Pediatric Drugs for Which Specific Indications and Dosage Guidelines Exist
Patients with celiac disease must maintain a gluten-free diet. Many gluten-free items are widely ... Patients with celiac disease must maintain a gluten-free diet. Many gluten-free items are widely ...
Hexoses exist in boat and chair conformations Hexoses exist in boat and chair conformations
Wages and Machines in the Textile Industry, 1910 Wages and Machines in the Textile Industry, 1910
Computer reconstructions of the diversity in neurons that exist across species Computer reconstructions of the diversity in neurons that exist across species
Video: Sickle Cell Anemia

For a complete list of videos, visit our video library