Answered: Choose two of barriers to entry that…

Choose two of barriers to entry that would affect the market in which any business operates. Explain how these barriers affect a company.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter8: Business Organizations

Section: Chapter Questions

Problem 9AA

See similar textbooks

Related questions

Q: What is one impact of government regulation of insurance? Group of answer choices Certain groups can…

A: Insurance is a mechanism used by individuals and businesses to prevent a single incident from having…

Q: 2) An annuity has an effective interest rate of j = 2% per period for the first 30 periods, then has…

A: Given Effective interest rate (i) from the first period to the 30th period = 2% Effective interest…

Q: 1. Real GDP decreases during (a).The movement from through to peak (b). The movement from below…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Q: You decide to repay a small loan of P1,000,500.00. What would be the size of the amount to be repaid…

A: The amount of loan = P1000500 Time period = 20 years Interest rate = 2%

Q: Suppose the demand function for good x is given as: Qd=-1.1Px +0.7P, -0.5P₂ + 0.025M - 0.05T where…

A: Please find the answer below. DEMAND FUNCTION: The demand function shows the functional…

Q: Social Security benefits are increased each year in proportion to the increase in the CPI, even…

A: The measure that depicts the change in consumer prices based on a basket of goods and services over…

Q: Give an example of Oligopoly market and a Simultaneous Move Game you observe in this market

A: The oligopoly market is just like the market of monopolist but here there are more sellers but the…

Q: Consider the following data: −6,−1,−6,7,−1,−1,−6−6,−1,−6,7,−1,−1,−6 Copy Data Step 1 of 3 :…

A: Introduction Variance is a measure of dispersion. It was first used by R.A. Fisher in 1918. Variance…

Q: Using the value marginal product concept, what do you expect if the price of the product sold falls?…

A: Marginal Product The marginal product of an input is the additional output that results from adding…

Q: 1. Which of the following are included in this year’s GDP? Explain your answer in each. A 2-hour…

A: Introduction Gross domestic product is the total sum of market value of final goods and services…

Q: A government finances all of its debt through 1-year treasury bonds. This government is able to…

A: Debt-to-GDP ratio is defined as a metric which compares a nation's public debt to its GDP. It…

Q: 3) Friedrich Hayek, the man quoted at the start of chapter 3, is an Austrian economist who won a…

A: Government intervention is a regulatory measure to influence the social and economic decisions made…

Q: Valdemar is a small, open economy. If the world real interest rate increases, in the long run, which…

A: In the international market, Anu change in the interest rate of a country will affect the demand for…

Q: hich of the following policy measures is not discretionary? a. Income tax surcharges designed to…

A: In an economy, discretionary policy refers to the one that is implemented for a specific purpose or…

Q: given this utility function 95x10.3x20.2x30.25 first the first, second and cross order patial…

A: Utility function: U = 95x10.3x20.2x30.25 x1=24 x2=15 x3=5

Q: A competitive firm sells its product at a price of $0.10 per unit. Its total and marginal cost…

A: Under a competitive market, there exists a large number of buyers and sellers. The sellers sell…

Q: (d) What point in the graph will lead to utility maximizing with the budget line LZ and the…

A: The budget line is a graphical representation of all potential combinations of the two commodities…

Q: ich of the following components of consumption spending typically sees the largest decline in demand…

A: As we know A recession is a time of financial compression rather than development in it. During such…

Q: Historical data indicates that only 35% of cable customers are willing to switch companies. If a…

A: A capable person able to switch i.e. P = 35% n = 12

Q: A firm purchased copper pipes a few years ago at $10 per pipe and stored them, using them only as…

A: The opportunity cost of choosing one activity (or one alternative) is the loss of the next best…

Q: A homeowner whose wages will keep pace with inflation over the years but whose monthly mortgage…

A: Inflation is the continuous increase in price level. When inflation increase then value of money…

Q: Compute the percentage changes for the following (enter your responses as integers): New Value…

A: According to the question, There are initial values given. There are new values given. We need…

Q: The price of gasoline continues to rise at a near-record pace. If gasoline was going to be $8 a…

A: Prices: It refers to the cost of the products that have to be paid by the people when they buy goods…

Q: n part a, round your answers to 2 decimal places. For all other parts, enter your answers as a whole…

A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If…

Q: Steel [Keluli] Oil [Minyak] Unit labour requirements [Keperluan unit buruh] Country A [Negara A] 4 2…

Q: assume the required Reserve ratio is 12 for scientific Commercial Bank has actual reserves of 15,000…

A: Given, Required reserve ratio (rr) =12% Actual total reserve = 15,000 Loans =85000 Total check…

Q: Question 91 Economies of scale enable financial institutions to OA) avoid adverse selection…

A: Economies of scale alludes to the peculiarity where the typical expenses per unit of result decline…

Q: 6. Calculating inflation using a simple price index Consider a fictional price index, the College…

A: Price index, proportion of relative price changes, comprising of a progression of numbers organized…

Q: Question: Critics of floating exchange rates claim that trade deficits are determined by the ?

A: The value of a country's currency in relation to the currency of another country or economic zone is…

Q: On what assumptions is equilibrium level of income write three short points. the definition of based…

A: Estimation - Explanation of Equilibrium Level of Income based on the assumptions, which are as…

Q: 16 of 100 The three tools used by the Federal Reserve to conduct monetary policy are the OOOO…

A: The decisions made by central banks to affect the cost and accessibility of money in an economy are…

Q: 1. The quantity demanded will equal the quantity supplied at a free market equilibrium and also…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: In a perfectly competitive market, the individual firm's demand curve A) slopes steeply downward to…

A: In a perfectly competitive market, there is a large number of buyers and sellers. Each seller is…

Q: Which of the following is not true for a competitive market? Group of answer choices Firms can earn…

A: Answer to the question is as follows:

Q: Assume the capital stock depreciates at a rate of 10% per year. If the capital stock started the…

A: Given information: Capital depreciates at a rate of 10% per year The capital stock started the year…

Q: 3. Supply and Demand Shifts Read the article at the end of this exam entitled “Gen Z Isn't That Into…

A: Here, the given paragraph explains the market condition of restaurants. It can be seen that there is…

Q: Distinguish between IMF and Word Bank?

A: The Bretton Woods Conference in July 1994 led to the creation of the World Bank and the…

Q: Value of the Firm = Present Value of Expected Future Profits Πη πι (1 + i)¹ (1+i)² + Πρ 1-1 (1+i)t +…

Q: 1

A: Earnings from school investment = 9 s1/3 As , interest rate = 10% Cost of investment in school =…

Q: 1

A: We know that Harrod given his growth model in his book "towards a dynamic equilibrium". The main…

Q: 01. What is the per-unit opportunity cost of product Y as production moves from point F to point A?…

A: From the given graph, Point F and point A lie on the production possibility curve. At point F, 12…

Q: n example of a competitive firm is Group of answer choices The New York Times. Honda Motor Sports. a…

A: A competitive market is a market structure in which there are many sellers and buyers.

Q: Initial deposit is $10,000 Required Reserve Ratio is 20% Calculate: $ Multiplier…

A: Initial deposit = $10,000 Required Reserve Ratio = 20% or 0.20 Lowered Required Reserve Ratio =…

Q: The interest rate is 15% per year, compounded annually.

A: Given cashflows for 5 years interest rate = 15 % Net present value = cashflow each year / (1 +…

Q: Suppose that the labor force in the Canary Islands is 82,452. There are also 1,631 stay-at-home…

A: The labor force is the sum of employed and unemployed people. The unemployment rate measures the…

Q: In what words did the scholars criticize Keynes's approach?

A: Prof. Keynes established the definitional or accounting equality of savings and investment, it has…

Q: 4. GDP and Related Measures Suppose an economy produces only 2 products that will also be used for…

A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for…

Q: According to the US Census Bureau, in 1940 about 25% of the adult population over 25 had completed…

A: In the United States, census Bureau can see an increase in the proportion of population that had…

Q: The two figures below show (on the left) the industry supply and demand for wheat and (on the right)…

A: Here, the first graph shows the market for wheat and the second graph shows cost functions of a…

Q: Attempts Keep the Highest/3 8. Interest, inflation, and purchasing power Suppose Alyssa is a sports…

A: Given Deposits = 1000 $ nominal interest rate = 5 % Price of baseball cap = 10 $

Question

Choose two of barriers to entry that would affect the market in which any business operates. Explain how these barriers affect a company.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Explain why so many entrepreneurs underprice their goods and services, especially when they first get into business.
If you were developing a product (like a web browser) for a market with significant barriers to entry, how would you try to get your product into the market successfully?
Fill in the table and use your answers to the questions to figure out which market type each business fits into. Below you are given potential answers to questions 3 through 9 on each table and one example table. Please fill in the whole table. 1. Business Microsoft circa 1995 2. Industry 3. Size of Market 4. Number of Buyers 5. Number of Sellers 6. Product Type 7. Barriers to Entry 8. If high, why? 9. Market Type
How do you explain the competitive advantage of Publix?
With examples, examine the barriers to business entry for imperfect competition firm
Don't not use Al How businesses interact in various market structures (perfect competition, monopoly, etc. ) affecting prices and consumer choices.
Question: Compare and contrast perfect competition and monopoly market structures. What are their key characteristics?Please Dont use AI tool.
Question 2 Back in the 1950s, General Motors (GM) was at its peak. It was widely viewed as a shining example of how a large company should be managed, and controlled three quarters of the US car market. As at 2020, GM remains the biggest automaker by sales in the US, but it controls less than 20% of the market. For consumers, this level of competition has been wonderful; the level of choice when it comes to buying and leasing. For GM, as well as other large carmakers, having to operate in this realm isn't always fun, but if pressed they'll admit that there's something distinctly American about the market being hyper-competitive — and they might even acknowledge that having Germans and Japanese brands to do battle against helps them to improve their own capabilities. i. State what market structure existed in the automobile industry in the US in the 1950s. Illustrate and explain how equilibrium is determined. ii. Can excess profit be earned in this industry in the long run. Explain.…
write one to two pages : Describe in your own words the concept of market power
Why should regulators give more power to independent directors in family firms?
Discuss it in your own understanding and then give example each of the following: Tangible and Intangible Market Structure ( Perfect Competition,Monopoly Competition and Oligopoly Competition) Price and Production Local and National market Consumer and Producer goods Demands Law of demand Utility and Demand
Take into account the following: Do you think that ten to fifteen years ago, marketing technologies like Big Data and Predictive Analytics would have been successful? Is there a justification for this?