This topic contains a solution. Click here to go to the answer

Author Question: Which of the following exemplifies an intangible durable strategy used by firms to prevent ... (Read 70 times)

frankwu

  • Hero Member
  • *****
  • Posts: 549
Which of the following exemplifies an intangible durable strategy used by firms to prevent competition?
 a. Merging with its competitors
  b. Using brand name or trademark as a reflection of product quality
  c. Advertising
  d. Investing in specific assets

Question 2

In a monopolistically competitive scenario, the demand curve for an existing firm ____ when firms exit the industry.
 a. becomes more inelastic
  b. becomes vertical
 c. becomes horizontal
 d. becomes more elastic



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
Answer to Question 1

B

Answer to Question 2

a




frankwu

  • Member
  • Posts: 549
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

For a complete list of videos, visit our video library