Four companies dominate the market for robotic lawn mowers. Each company takes a different action. Which action is most likely to present a barrier to potential entrants to the industry?
a. Firm A obtains a patent on the technology it uses in its robots.
b. Firm B discovers a cost-saving process that also speeds production.
c. Firm C becomes the price leader in the industry and raises its prices.
d. Firm D uses game theory strategies to predict the actions of its rivals.
a. Firm A obtains a patent on the technology it uses in its robots.
You might also like to view...
The sum of the balances of the three accounts of the balance of payments (the current account, the capital and financial account, and the official settlements account) is
A) positive if there is a balance of trade surplus or negative if there is a balance of trade deficit. B) negative if there is a balance of trade surplus or positive if there is a balance of trade deficit. C) equal to zero. D) positive if there is a balance of trade surplus. E) negative if there is a balance of trade deficit.
Draw the demand, marginal revenue, and marginal cost curve for a monopolist. Show the equilibrium price and quantity supplied and total profit. Show the equilibrium price and quantity supplied and total profit.
What will be an ideal response?
A high-risk premium makes default more likely.
Answer the following statement true (T) or false (F)
All else the same, if a bank's liabilities are more sensitive to interest rate fluctuations than are its assets, then ________ in interest rates will ________ bank profits
A) an increase; increase B) an increase; reduce C) a decline; reduce D) a decline; not affect