Why would precommitment contracts, licenses, learning curve effects, and brand advantages protect an established corporation from new competitors?
What will be an ideal response?
Precommitment contracts, licenses, learning curve effects, and brand advantages all create a greater hurdle of entry barriers that new competitors would have to overcome to compete in the market.
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In 2009, the top 1% of all income earners paid _________ percent of federal taxes.
A. 1.0 B. 4.1 C. 15.6 D. 22.3
If you divide nominal debt by nominal GDP and real debt by real GDP, you will get two different answers
a. True b. False
If the demand for dollars in the market for foreign-currency exchange shifts right, then the exchange rate
a. rises and the quantity of dollars exchanged rises. b. rises and the quantity of dollars exchanged does not change. c. falls and the quantity of dollars exchanged falls. d. falls and the quantity of dollars exchanged does not change.
Which of the following is true?
a. Large corporations earn profits, while smaller firms realize losses. b. Profits attract businesses to productive projects, while losses discourage them from undertaking unproductive activities. c. Profits indicate that businesses are over-charging customers, while losses suggest that they should raise customer prices. d. If corporations want to increase profits, they will always be able to do so by either increasing product prices or reducing employee wages.