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Author Question: Which of the following can serve as a barrier to entry? a. legal restrictions b. patents c. control ... (Read 34 times)

Anajune7

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on: Jun 30, 2018
Which of the following can serve as a barrier to entry?
 a. legal restrictions
 b. patents
 c. control of scarce inputs or resources
  d. all of the above

Question 2

An isocost line depicts:
 a. the minimum cost required to produce a certain level of output, given input prices.
  b. the input combination to produce a certain level of output.
  c. the input combinations that satisfy a budget constraint, given input prices.
  d. the maximum output that can be produced by a firm given its budget constraint.


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janeli1

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

C


Anajune7

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

connor417

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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