Which of the following is not a barrier to entry in an industry?

A. Economies of scale
B. Profit maximization
C. Strategic pricing
D. Government licensing

B. Profit maximization

Economics

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Refer to the above figure. The figure gives the payoff matrix for two individuals who are being accused of robbing a bank together. What is dominant strategy for Bob?

A) Confess. B) Don't confess. C) Flip a coin to decide what to do. D) There is no dominant strategy.

Economics

If Jason's fixed cost totals $400 with variable cost per unit of $10 at a quantity of 80 units, what would his average total cost at 80 units of output equal?

a. $10 b. $14 c. $15 d. $805

Economics