Barriers that prevent the entry of new firms may arise because:
a. economies of scale exist over a substantial range of industry demand.
b. marginal revenue is less than average total cost
c. the government protects some firms from competition.
d. of both (a) and (c).
d
Economics
You might also like to view...
In the United States in 2015, purchases of capital equipment, inventories, and structures represented approximately
a. 3 percent of GDP. b. 7 percent of GDP. c. 15 percent of GDP. d. 17 percent of GDP.
Economics
An example of statistical discrimination would be:
A. charging young drivers a higher premium than older drivers. B. charging homes near a lake higher premiums for flood insurance than those on a hill. C. assuming the food will be better at an Italian restaurant than a Chinese one in the Little Italy neighborhood of NYC. D. All of these are examples of statistical discrimination.
Economics