Which of the following undermines the effectiveness of a barrier to entry?
a. the existence of patents in the industry
b. high fixed cost
c. no access to resources
d. product differentiation
e. rapid technological innovation
E
Economics
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You are more sensitive to a change in price if you
A) spend a lot of your income on the good. B) spend a small percentage of your income on the good. C) buy very little of the good. D) do not buy the good regularly. E) have a very inelastic demand for the good.
Economics
When one party to a transaction knows more than the other, ________ is said to exist
Fill in the blank(s) with correct word
Economics