Discuss major barriers to entry into a industry

Assignment Help Microeconomics
Reference no: EM1374718

Question1. Discuss and explain the major barriers to entry into a industry. Describe how each barrier can foster monopoly or oligopoly.

Question2. What effect would a rule stating that university student must live in University dormitories have on the price elasticity of demand for dormitory space? What impact might this in turn ave onroom rates?

 

Reference no: EM1374718

Questions Cloud

Compute the adjusted balance : The March bank statement shown an ending balance of $20,245.00. Comparing bank statement, the canceled checks, and the accompanying memos
Explain how would you handle this situation : You are a new CEO of a large business. Your supply chain department managers are very good; explain however, they have a hard time cooperating with each or on mutual business goals. Each 1 tries to maximize their areas results. Explain how would y..
Evaluate direct material cost per product : Prepare an Excel format to show how you are evaluating things. Provide detailed information of profitability by product and for year. Then make precise recommendations with financial projections.
Compute seasonal index for four quarters. : Small Wonder, an amusement park, experiences seasonal attendance. It has collected 2 years of quarterly attendance and made a forecast of annual attendance for coming year. Compute seasonal index for four quarters.
Discuss major barriers to entry into a industry : Discuss and explain the major barriers to entry into a industry. Describe how each barrier can foster monopoly or oligopoly.
Evaluate the companys business strategy : Describe and evaluate the company's business strategy. Do you believe it is viable and why did the attempt to purchase company in late 2008 fail?
Explain how it works and expected outcomes : You have been asked to fill-in for your boss this week. Your boss's assistant informs you that he had scheduled an engagement to teach a group of students at local University. explain how it works and expected outcomes.
Illustrate what is average number of people waiting in line : Customers arrive at an automated coffee vending machine at a rate of 4 per minute, subsequent a Poisson distribution. Coffee machine dispenses a cup of coffee in exactly 10 seconds. Illustrate what is average number of people waiting in line.
Environmental externalities : Sometimes market activities have unintended positive or negative effects outside the market scope called externalities. As a rule maker concerned with correcting effects of gases

Reviews

Write a Review

Microeconomics Questions & Answers

  Economy with a fixed exchange rate system

Think a small open economy with a fixed exchange rate system. Assume there is a general expectation that central bank will revalue the domestic currency in the future

  Demand and supply of cigarettes

What are some ways public policymakers can reduce demand of cigarettes (shift of the demand curve)? Assume the government decides to implement the tax on cigarette manufacturers in order to raise the price of cigarettes. How much does the amount of..

  Business comparisons-short and long-term costs

Short and Long-term costs business comparisons. Select directly comparison business concepts and generally discuss the FC, VC, break-even quantities, economies of scale and diseconomies of scale for each.

  Determining pricing problem

Assume a manager of a profitable department store you're confronted with the pricing problem. You've two types of customers

  Fluctuating prices in gasoline

Determine what are the reporting reasons on why gasoline prices have been fluctuating and trending upward for the past twelve months.

  Concepts of opportunity cost and substitution effect

Assume that the following table describes prices, incomes, and per person lobster consumption in three United States cities.

  Merits and demerits of industrial ecosystem

Suppose you're a city planner working on new industrial park and contemplating the use of industrial ecosystem. Describe the major advantages and disadvantages of industrial ecosystem which you would consider in making your decision.

  Advantage & disadvantage of different types of exchange rate

During middle years of this decade, the exchange rate of the United States dollar has declined against the currencies of its major trading partners.

  Effects on wages of continued outsourcing of labor overseas

Determine the effects on American wages and purchasing power of continued outsourcing of labor overseas. Find some of the reasons for these trends.

  Interaction of fiscal and monetary policy

Intelligent fiscal policy and appropriate monetary policy permit for a stabilizing influence on US economy. The government is able to make action through expansionary or contractionary fiscal policy to manage recession and inflation when necessary.

  Depict an isoquant map

Depict an isoquant map depicting a typical firm's use of two inputs - white and black labor. Label its slope. What would be the effect of an increase the price of black labor from $12 to $13 and a decrease in the price of white labor from $13 to $12..

  Environmental economics and policy

Choose any one topic out of the following , • Water , • Energy , • Agriculture , • Forest

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd