A barrier to entry
A) makes it illegal for firms to enter the industry.
B) can be thought of as unrelated to monopoly.
C) slows or even prevents entry into a market.
D) usually takes the form of a cartel.
C
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In the 1930s, the United States charged an average tariff rate ________. Today, the rate is ________
A) of 17 percent; 33 percent B) of less than 10 percent; over 40 percent C) of 100 percent; 20 percent D) above 50 percent; less than 1.5 percent
A municipal bond issued by the state of Colorado to construct a new toll highway is a __________ bond
A) revenue B) collateralized C) general obligation D) Treasury
___________________: it summarizes the conclusions of the appraisal. The majority of the data and techniques are kept in the appraiser's work file.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements about production possibilities is true?
A.) Production possibilities are limited for all countries because resources are scarce. B.) The production of food does not involve opportunity costs since people must eat. C.) A reduction in productivity will expand the production possibility curve. D.) Production possibilities are only limited for a country if prices are too high.