« previous next »

Author Question: When there are barriers to entry, a profit-maximizing firm already in the industry can charge any ... (Read 125 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?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

The average adult has about 21 square feet of skin.

The Acheulean industry is typified by hand axes and cleavers. The Acheulean industry is typified by hand axes and cleavers.
Return of oxygenated blood to the heart and entry into the aorta (red = oxygenated blood, blue = ... Return of oxygenated blood to the heart and entry into the aorta (red = oxygenated blood, blue = ...
Natural Resources and Industry Natural Resources and Industry
The Emergency Action Guide entry for styrene. Useful information includes emergency response ... The Emergency Action Guide entry for styrene. Useful information includes emergency response ...
Medical Hot Zone Entry Exclusion Criteria During Pre-Entry Check Medical Hot Zone Entry Exclusion Criteria During Pre-Entry Check
Time-of-entry mapping Time-of-entry mapping
Video: Immune responses Animation

For a complete list of videos, visit our video library