« previous next »

Author Question: When there are barriers to entry, a profit-maximizing firm already in the industry can charge any ... (Read 146 times)

ss2343

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
When there are barriers to entry, a profit-maximizing firm already in the industry can charge any price it wants, even in the long run.
 a. True
  b. False

Question 2

A lobbyist for the coal industry asks Congress to limit environmental constraints on coal-burning plants. This is an example of
 a. the median-voter model
  b. rent seeking
  c. perfect competition
  d. monopoly
  e. public-interest legislation


mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

ss2343

  • Hero Member
  • *****
  • Posts: 548
Reply #2 on: Jun 30, 2018
Correct answers!


mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Nanomaterials Applications and Industry Used Nanomaterials Applications and Industry Used
The WISER entry for hydrogen cyanide (bottom). Useful information includes detailed health ... The WISER entry for hydrogen cyanide (bottom). Useful information includes detailed health ...
The impact of industry and manufacturing on our life The impact of industry and manufacturing on our life
Take Charge of Your Blood Pressure! Take Charge of Your Blood Pressure!
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
In the drawing of acetaldehyde, CH3CHO, the largest partial negative charge (-) occurs on In the drawing of acetaldehyde, CH3CHO, the largest partial negative charge (-) occurs on
Video: The Hypothalamus: The Body's Thermostat (Human Thermostat)

For a complete list of videos, visit our video library