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Author Question: Anything that prevents new firms from competing on an equal basis with existing firms in an industry ... (Read 249 times)

piesebel

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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


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fwbard

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

A

Answer to Question 2

D


piesebel

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Reply 2 on: Jun 30, 2018
Gracias!

amandalm

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Reply 3 on: Yesterday
Excellent

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