What characteristic of a competitive market has made the "long run pretty short" in the market for iPhone applications?
A) few firms in the market B) ease of entry
C) blocked entry D) identical products
B
Economics
You might also like to view...
When referring to "marginal" changes, the economic focus is on
A) changes which affect only a few people or products. B) large changes on the low end. C) small or incremental changes. D) graduated changes on the high end.
Economics
The present discounted value of a stream of future income increases as the interest rate decreases.
Answer the following statement true (T) or false (F)
Economics
If supply falls, what happens to equilibrium price and quantity?
What will be an ideal response?
Economics
Discuss why the stratification of a society is important to business.
What will be an ideal response?
Economics