Which of the following is an example of a barrier to entry?
a. Crystal charges a higher price than her competitors for her hair-styling services.
b. Dan charges a lower price than his competitors for his dry-walling services.
c. Jackie offers free samples of her loose-meat sandwiches to attract new customers.
d. Roseanne obtains a copyright for a short story that she wrote and published.
d
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An example of a common pool resource is a broadcast television signal
Indicate whether the statement is true or false
Give three reasons why the U.S. economy is more stable since 1950
What will be an ideal response?
Households ________ final goods and services in the ________ market
A) purchase; product B) purchase; factor C) sell; factor D) sell; product
?Kites /hourSnowboards /hourJesse81April123
Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.2 shows how much of each good Jesse and April can paint in one hour. Which of the following is true?
A. Jesse has an absolute advantage in painting kites but not snowboards. B. Jesse has an absolute advantage in painting snowboards but not kites. C. Jesse has an absolute advantage in painting both goods. D. Jesse has an absolute advantage in painting neither good.