Barriers to entry can be the result of
a. Positive network externalities
b. High switching costs
c. Economies of scale
d. All of the above
c
You might also like to view...
If consumption expenditures are $500 million, net investment is $100 million, depreciation equals $5 million, imports are $50 million, exports are $55 million, government expenditure on goods and services is $220 million, and government transfer
payments are $20 million, then GDP is A) $790 million. B) $800 million. C) $830 million. D) $850 million.
During the Great Depression, the money supply fell 28%. During that same time, the monetary base ____ and the currency-to-deposit ratio and reserve-to-deposit ratios both _____
a. rose; fell b. rose; rose c. fell; rose d. fell; fell
Which of the following is included in personal income but not in national income?
a. Compensation for workers. b. Proprietors' income. c. Corporate profits. d. Social Security payments. e. Rent.
One way to eliminate the Tragedy of the Commons is to
a. increase law enforcement in public areas. b. limit access to the commons. c. increase access to the commons. d. decrease taxes.