Which of the following can act as a barrier to entry for new firms in an oligopoly market?
a. Increased capital usage
b. Diseconomies of scale
c. Control over an essential resource
d. Increased investment in advertising
c
You might also like to view...
Time lags occur when which of the following questions is asked?
A) Where is the economy now? B) Where is the economy going? C) How long will it take for a correct policy to be implemented? D) All of the above. E) None of the above.
With the total cost and total revenue curves, we measure economic profit by the __________ between the two curves. With the per-unit curves, we measure economic profit by a(n) __________
a. vertical distance, horizontal distance b. vertical distance, area c. area, area d. area, vertical distance e. horizontal distance, area
Graphically express a direct and an inverse or negative relationship. What could cause a shift in a line or curve expressing a relationship between two variables?
What will be an ideal response?
When the Fed changes the quantity of money, there is an immediate effect on
A) the inflation rate but not the price level. B) the nominal interest rate. C) real GDP. D) the price level and the inflation rate. E) the price level but not the inflation rate.