All of the following can be barriers to entry except:
A. price discrimination.
B. economies of scale.
C. a firm's superior production ability.
D. patents.
Answer: A
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Lump sum grants are sometimes referred to as categorical grants.
A. True B. False C. Uncertain
Typically, the ________ in a country, the higher the level of spending per person on health care
A) higher the level of income per person B) higher the level of income taxes C) larger the population D) lower the median age of the population
Refer to Figure 18-1. Europe experiences an economic boom. Assuming all else remains constant, this would be represented as a movement from
A) C to B. B) D to A. C) D to C. D) B to A.
Refer to the information provided in Figure 3.15 below to answer the question(s) that follow.
Figure 3.15Refer to Figure 3.15. The current quantity of bags of pretzels supplied is 100. You accurately predict that in this market
A. price and quantity supplied decrease and quantity demanded increases. B. price tends to remain constant and quantity supplied increases. C. price and quantity demanded increase and quantity supplied decreases. D. price, quantity demanded, and quantity supplied decrease.