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

Author Question: In a competitive industry a. the industry has high barriers to entry b. the industry has high ... (Read 200 times)

crobinson2013

  • Hero Member
  • *****
  • Posts: 535
on: Jul 1, 2018
In a competitive industry
 a. the industry has high barriers to entry
 b. the industry has high barriers to exit
 c. the industry has high barriers to entry and exit
  d. the industry has no barriers to entry or exit

Question 2

Anna's Antiques expects to get three bidders for the unique china teacup it sells. Each of the bidders can either have a high-value of 100 or a low-value of 70 with equal probability. If three bidders show up at the auction and two of the bidders are low value, what would the winning price be?
 a. Just above 100
  b. 100
 c. Just above 70
 d. 70


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Briannahope

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


crobinson2013

  • Member
  • Posts: 535
Reply 2 on: Jul 1, 2018
:D TYSM

adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Mononucleosis is caused by the Epstein–Barr virus. Symptoms of the infectious disease are swollen pa Mononucleosis is caused by the Epstein–Barr virus. Symptoms of the infectious disease are swollen pa
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
Nanomaterials Applications and Industry Used Nanomaterials Applications and Industry Used
People using walkers typically have a high level of mobility impairment. People using walkers typically have a high level of mobility impairment.
A high-resolution model of the 50S ribosomal subunit A high-resolution model of the 50S ribosomal subunit
The developing and emerging nations have high rates of population growth The developing and emerging nations have high rates of population growth
Video: X chromosome inactivation in calico cats

For a complete list of videos, visit our video library