All of the following are considered a barrier to entry into a market EXCEPT
A) government licenses.
B) persistent declining long-run average costs as output increases.
C) lowering tariffs.
D) governmental regulations of business conduct relating to workplace conditions.
C
You might also like to view...
Assuming imperfect perfect capital mobility, the BP schedule is
a. vertical. b. horizontal. c. upward sloping. d. downward sloping. e. flat.
Which of the following is an example of human capital?
a. textbooks b. hand held power tools c. knowing how to repair cars d. All of the above are correct.
The Federal Open Market Committee:
A. makes decisions that influence the nation's fiscal policy. B. reports directly to Congress. C. makes decisions that affect excess reserves available to banks. D. determines who may buy and sell government bonds.
If the demand for a product in an increasing cost perfectly competitive industry increases, we would expect that price in the long run would ________ and the number of firms in the market would ________.
A. decrease; decrease B. increase; increase C. decrease; increase D. increase; decrease