Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: Barriers to entry are important in the creation of monopolies because they keep competitors out of the industry. Although many types of barriers exist, historically, ownership of an essential resource, government patents and licenses, and large entry costs have served as the primary barriers to entry. For each of the following cases, indicate which type of barrier created the monopoly.
a. In the 1940s, Aluminum Company of America owns all of the world's known bauxite deposits.
b. The local cable TV company has the only government issued license to supply services in the area.
c. The pharmaceutical company, MAXCO, invented and patended a new baldness drug.
d. In the 1950s, AT&T provided long-distance telephone service by stringing millions of miles of copper wiring across the United States.
why does the law of diminishing marginal utility encourage people to spread their spending across many different types
Now suppose that you face two other bidders and believe that a typical competitor's value for the building lies between $2 million and $3.5 million, with all values in between equally likely. (Again, your value is $2.9 million.) Assuming your two ..
How does a weak Swiss franc benefit a swiss entrepreneur who exports much of his product? Explain the different roles of the International Monetary Fund and the World Bank
When a firm focuses on increasing profitability by customizing the firm's good or services so that they provide a good match to tastes in different national markets, it is pursuing A Localization strategy.
Last week a there was a general strike of labour union demanding increase in their salaries.You are requested to investigate from a sociological point of view
suppose that the demand curve for apartments near the university is given by p 1000 -q and the supply curve is given by
In addition, "Federal outlays are expected to increase by 2.6 percent this year, to $3.5 trillion, or 20.5 percent of GDP-their average percentage over the past 40 years. CBO projects that under current law, outlays will grow faster than the econo..
Explain very briefly and with a good example, how a seller can determine whether the demand for his or her good is inelastic, elastic, or unit elastic between two prices with suitable examples.
The market for a good has a demand curve given by: P = 100 - 2Q, And a supply curve given by: P = 10 + Q, Find the equilibrium price and quantity in the market
Under an efficient agreement, how should the parties decide the right-to-strike and reserved-work issues?
Atlas Transportation is considering installing temperature logger in all its refrigerated trucks for monitoring temperatures during transit. If the systems will reduce insurance claims by $40,000 per year for 5 years how much should the company be wi..
Draw the Circular Flow Model of a simple economy with the roles of firms, Households, Government and a foreign sector. In addition, identify the factor and product markets in this economy. Identify in the diagram the flows for all injections and leak..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd