Home / Questions / Which of the following represents a serious barrier to entry? a.high fixed cost b.low
Which of the following represents a serious barrier to entry?
a.high fixed cost
b.low fixed cost
c.easy access to acquiring resources
d.no history of patents in the industry
e.very elastic demand for the good
82. Which of the following undermines the effectiveness of a barrier to entry?
a.the existence of patents in the industry
b.high fixed cost
c.no access to resources
d.product differentiation
e.rapid technological innovation
83. Barriers to entry are
a.not too difficult to overcome in a monopoly market structure
b.very high in a perfectly competitive market structure
c.nonexistent in an oligopoly market structure
d.not too difficult to overcome in a monopolistically competitive industry structure
e.nonexistent in a monopoly market structure
84. Having product differentiation means that a firm
a.cannot raise its price without suffering substantial loss of sales
b.shifts the demand for the product to the left
c.produces a good that is only a close substitute, at best, for the goods produced by
other firms in the industry
d.produces a good that is a perfect substitute for the goods produced by other firms in
the industry
e.has no incentive to advertise
85. Which of the following would undermine a firm’s product differentiation?
a.duplicating another firm’s good
b.advertising
c.being awarded a patent
d.developing brand loyalty
e.having fewer close substitutes
86. Product differentiation allows the firm to
a.raise price and lower quantity demanded
b.raise price without suffering a substantial loss of sales
c.shift the market demand curve to the left
d.shift the market supply curve to the left
e.decrease barriers to entry
87. The entry of new firms into a market will
a.increase the market demand curve
b.make the existing firms’ demand curves more elastic
c.make the market demand curve less elastic
d.shift the firm’s demand curve to the right
e.shift the market supply to the right
88. Which of the following is a characteristic of the perfectly competitive market structure?
a.advertising
b.product differentiation
c.perfect substitutes
d.patents
e.mutual interdependence
89. The market demand curve for a perfectly competitive industry is
a.perfectly horizontal
b.perfectly vertical
c.upward sloping
d.downward sloping
e.nonexistent in perfect competition
90. The individual firm’s demand curve under conditions of perfect competition is
a.perfectly horizontal
b.perfectly vertical
c.upward sloping
d.downward sloping
e.nonexistent in perfect competition
Dec 09 2019 Read more Less More
Find the equivalent sampled impulse response sequence and the equivalent z-transfer function for the cascade of the two analog systems with sampled input 10 Hi(s) = s+6 ...
Apr 27 2020Please look at the attached word file for the MCQ: I have copy pasted them here as well Management integrity affects all of the following risks exceptenterprise riskfin...
Nov 09 20171. Research by David Kolb and others suggests that individuals have different learning styles. How would a manager who has a convergent learning style and a manager who h...
Jul 23 2020Which ion(s) is/are higher in concentration inside the cell compared to outside?A) potassiumB) sodiumC) chlorideD) calciumE) More than one of the answers is correct.32) T...
Dec 19 2019Debts are an important source of finance for a business. Which of the following ratios indicate the company’s ability to pay long-term debts? (a) Asset Management (b) L...
Apr 05 2018On March 1, 2015, Lois learned that she was bequeathed 1,000 shares of Race Corp. common stock under the will of her uncle, Pat. Pat had paid $5,000 for the Race Corp. st...
Mar 23 2020The mass diffusivity of ethanol (P = 789 kg/m3 and M 5 46 kg/kmol) through air was determined in a Stefan tube. The tube has a uniform cross-sectional area of 0.8 cm2 . I...
Jul 23 2020On January 1, 2017, Scott Enterprises, Ltd. had inventory of £50,000. At December 31, 2017, Scott had the following account balances. Freight-in.............................
Apr 19 2020Alpha's Widgets has preferred stock outstanding that currently sells for $55 per share. The par value is $60, and it pays a dividend of 10%. What is the stock's required ...
Aug 19 2020A gun is so designed that, on firing, the barrel recoils against a spring. A dashpot, at the end of the recoil, allow the barrel to come back to its initial position with...
May 13 2020Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.