Barriers to entry into a market could include all of the following, except one. Which is the exception?
a. government restrictions
b. brand loyalty
c. large marginal costs
d. licensing fees
e. large fixed costs
C
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If the real interest rate increases
A. there will be a movement upward along the investment demand curve. B. the investment demand curve will shift to the left. C. the investment demand curve will shift to the right. D. there will be a movement downward along the investment demand curve.
The marginal benefit of a worker to a firm is the value of the extra output that results when
A) work is outsourced to a foreign country. B) workers get paid for working overtime. C) some workers are laid off and the remaining workers become more productive. D) an additional worker is hired.
When a monopolistically competitive firm lowers it price one bad thing happens to the firm. What is this "one bad thing" called?
A) the price effect B) the substitution effect C) the output effect D) the income effect
The ratio of exports to GDP for the United States in 2014 is approximately equal to
A) 6%. B) 13%. C) 21%. D) 31%.