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Author Question: When there are barriers to entry, a profit-maximizing firm already in the industry can charge any ... (Read 152 times)

ss2343

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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

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

B

Answer to Question 2

B


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ss2343

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Reply #2 on: Jun 30, 2018
Correct answers!


mcomstock09

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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