Author Question: Advertising for Milk and Beef is usually done by A) interest groups that represent the whole ... (Read 57 times)

lracut11

  • Hero Member
  • *****
  • Posts: 536
Advertising for Milk and Beef is usually done by
 
  A) interest groups that represent the whole industry.
  B) a single firm in the market.
  C) a small set of firms in a market.
  D) It is not done because it doesn't pay to advertise homogeneous products.

Question 2

If only one firm operates in a market, and a potential entrant is blockaded from entering the market, then the incumbent firm must
 
  A) have acted to prevent entry.
  B) be pricing where price equals marginal cost.
  C) be a natural monopoly.
  D) be the Stackelberg leader.


tranoy

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

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?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

For a complete list of videos, visit our video library