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[DOC File]Microeconomics, 7e (Pindyck/Rubinfeld)
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A) barrier to exit. B) barrier to entry. C) way to achieve perfect competition. D) none of the above. Answer: A. Diff: 2. Section: 8.1. 7) A few sellers may behave if they operate in a perfectly competitive market is the market demand is: A) highly inelastic. B) very elastic. C) unitary elastic. D) composed of many small buyers. Answer: B. Diff ...
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[DOC File]Chapter 15 Monopoly Practice Exam
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9) Which of the following would NOT be a barrier to entry for a particular market? 9) _______ A) Ownership of a patent B) The presence of economies of scale C) Low cost of obtaining initial capital D) Government regulation 10) If there are no barriers to entry into an industry, 10) ______ A) short-run and long-run profits must still be positive.
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[DOC File]Microeconomics, 7e (Pindyck/Rubinfeld)
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D) barrier to entry. Answer: D. Diff: 1. Section: 10.3 74) The cartel of oil-producing nations (OPEC) once controlled about 80% of the world petroleum market, but OPEC's market share has declined to about half of its former level. This outcome is a good example of how firms may have:
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[DOCX File]AP Economics
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C.effective entry barrier posed by copyrights or patents. D.Answers (A), (B), and (C) are all correct. 3. Suppose there is a duopoly and that the two firms in this duopoly collude. The firms have agreed to collude most likely as a means to. A.stabilize prices. B.stabilize quantities. C.maximize each firm's profit. D.maximize their joint profits.
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Which is barrier to entry quizlet a