Microsoft enjoyed the benefit of several barriers to entry, including all of the following except:
A) lock in and switching costs.
B) patents and copyright protection.
C) input barriers.
D) network externalities.
C
Economics
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Which of the following is NOT an example of a monopolistically competitive market?
A) high fashion clothing B) medical care C) wheat D) automobiles
Economics
If a general sales tax is enacted, we can predict with certainty that individuals will work less
a. True b. False
Economics
There may be other goals an entrepreneur pursues, but the primary goal of the entrepreneur is to maximize
a. market share b. production c. the difference between price and cost d. profit e. size of the firm's plant
Economics
Prescription drugs are covered by
A. the two parts split the cost. B. Medicare, Part A. C. Medicare, Part B. D. Medicare, Part D.
Economics