This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Anything that prevents new firms from competing on an equal basis with existing firms in an industry ... (Read 227 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
on: Jun 30, 2018
Anything that prevents new firms from competing on an equal basis with existing firms in an industry is called a barrier to entry.
 a. True
  b. False

Question 2

Which of the following firms is most likely to be a perfectly competitive firm?
 a. one of the three largest U.S. automakers
  b. one of the Seven Sisters oil producers
  c. a public school operated by the government
  d. a soybean farmer
  e. a manufacturer of refrigerators


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fwbard

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


piesebel

  • Member
  • Posts: 565
Reply 2 on: Jun 30, 2018
Excellent

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

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.

The molecular basis of genetic complementation The molecular basis of genetic complementation
Filter in the vena cava prevents an embolus from traveling to the heart, lungs, or brain; A, Greenfi Filter in the vena cava prevents an embolus from traveling to the heart, lungs, or brain; A, Greenfi
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
Torque is a twisting force equal to the distance from the pivot point times the force applied ... Torque is a twisting force equal to the distance from the pivot point times the force applied ...
The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ... The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ...
Planet Z-34 has a mass equal to 1/3 that of Earth, a radius equal to 1/3 that of Earth, and an ... Planet Z-34 has a mass equal to 1/3 that of Earth, a radius equal to 1/3 that of Earth, and an ...
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library