Which of the following creates a barrier to subsequent entries in an industry dominated by first movers?
A. The laissez-faire stance toward trade adopted by first movers
B. Implementation of policies to maximize imports and minimize exports
C. Specializing in the production of goods for which firms have an comparative advantage
D. The ability of first movers to benefit from increasing returns
E. Decrease in the variety of goods available to consumers and increase in the cost of existing goods
D
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In a ________-managed LLC, the members designate a group of people to manage the firm. The group can consist of members, non-members or both.
Fill in the blank(s) with the appropriate word(s).
A time study analysis was performed on a task with two work elements. The select times for these work elements are 21.0 seconds and 13.0 seconds, with rating factors of 1.1 and 1.2, respectively. Each work element is performed twice per cycle
If an allowance of 20 percent is used, what is the standard time for this task? A) fewer than 50 seconds B) greater than or equal to 50 seconds but fewer than 70 seconds C) greater than or equal to 70 seconds but fewer than 90 seconds D) greater than or equal to 90 seconds