The barrier to entry protecting cable companies is primarily
A. network effects.
B. economies of scale.
C. ownership of a scarce factor of production.
D. patents.
Answer: B
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In the above figure, the movement from point B to point A might be the result of
A) an increase in government expenditures because of a war. B) an increase in government expenditures because of increases in education expenditures. C) an increase in the demand for manufacturing goods because of new technology. D) a fall in the price level.
At a recent company meeting, Ravi Batra, sales manager of Life's a Beach, a surfboard producer announced, "We have increased our sales by 13 percent in just 9 months
" Suppose 9 months ago, its sales amounted to $245,000, what is the value of its sales today? A) $31,850 B) $207,638 C) $276,850 D) $359,905
Compared to a barter economy, using money increases efficiency by reducing
What will be an ideal response?
Which of the following is true?
A. Both if there are only two firms in a market, prices must be above marginal cost and if there is only one firm in a market, prices must be above marginal cost are correct. B. If there are only two firms in a market, prices must be above marginal cost. C. If there is only one firm in a market, prices must be above marginal cost. D. None of the answers is correct.