Which of the following is not an effective barrier to entry?
a) Threat of entry.
b) Exclusive licensing.
c) Patent Protection.
d) Low capital requirements.
Answer: d) Low capital requirements.
You might also like to view...
Frequently, in the short run, the quantity supplied of a good is
a. impossible, or nearly impossible, to measure. b. not very responsive to price changes. c. determined by the quantity demanded of the good. d. determined by psychological forces and other non-economic forces.
Which of the following could cause the demand curve for tickets to Disney World to shift to the right?
a. A hurricane is predicted to hit Orlando next week. b. A new app can predict wait times on rides and reduce wait by 90%. c. Consumer incomes decreased during the last quarter due to new tax increases. d. Universal Studios lowered the price of their one day passes to Harry Potter Land.
From the standpoint of the economy as a whole, the role of insurance is not to eliminate the risks inherent in life. Then what is its purpose?
If tolls on a toll road can be raised significantly before commuters will consider using a free alternative, then an increase in tolls will result in
A) an increase in total revenue. B) a decrease in total revenue. C) a decrease in non-toll road usage. D) an increase in toll road usage.