Warranties and guarantees can serve as a(n)
A) barrier to entry
B) brand name
C) incomplete contract
D) source of competition
A
Economics
You might also like to view...
All railroads were private enterprises with no government influence
Indicate whether the statement is true or false
Economics
Explain why it is that how much consumers pay for an excise tax depends on how responsive they are to a given change in market price
What will be an ideal response?
Economics
For a monopsonist, the marginal factor cost is always:
a. equal to the wage rate. b. less than the wage rate. c. greater than the wage rate d. the same as the labor supply. e. the same as the labor demand.
Economics
For state and local governments, in 2011, education accounted for approximately what percentage of spending?
a. 25 percent b. 34 percent c. 50 percent d. 75 percent
Economics