Which of the following factors is least likely to be a barrier limiting the entry of potential competitors into a market?
a. legally enforced patent rights
b. an inelastic demand for a product
c. licensing
d. control over an essential resource
B
Economics
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What are the basic arguments of the neoclassical growth theory?
What will be an ideal response?
Economics
Suppose that the exchange rate between the U.S. dollar and the Mexican peso is 1 peso = $0.11. If the U.S. dollar price per Mexican peso changes to 1 peso =$0.10, the peso is said to have __________ and the dollar to have __________
A) depreciated; appreciated B) appreciated; appreciated C) appreciated; depreciated D) depreciated; depreciated
Economics