All of the following are examples of barriers to entry, except one. Which is the exception?
a. significant economies of scale
b. reputation of established firms
c. special deals with distributors
d. excessive prices
e. patents
D
Economics
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Suppose that reducing inflation by 2 percentage points would cost a country 5 percent of its annual output. This country's sacrifice ratio is
a. 0.4. b. 1.5. c. 2.5. d. 5.0.
Economics
Every Giffen good is a necessity but not every interior good is a necessity.
Answer the following statement true (T) or false (F)
Economics