Need answers to all questions more. Which of the following options best describes this barrier to entryra) Predatory pricing strategyb) Ownership of natural resourcesc) Legal barrierd) Economy of scaleQ38 The manufacturing of microprocessors is only efficient when carried out in operations of a verY larbmagnitude. Which of the following options best describes this barrier to entry?a) Predatory pricing strategyb) Ownership of natural resourcesc) Legal barrierd) Economy of scaleQ39 In the small island nation of Castaway Atoll, there is only one movie theater: VideoPlex. Anentrepreneur considers building and operating a rival movie theater. The entrepreneur receives a messagefrom the owner of VideoPlex: "If you choose to build this movie theater, I will significantly lower my pricesin response, making it impossible for you to make any profit whilst competing with me." Upon learningthis, the entrepreneur decides not to enter the market. Which of the following options best describes thisbarrier to entry?a) Predatory pricing strategyb) Ownership of natural resourcesc) Legal barrierd) Economy of scaleQ40 In the early 1900's, the organization De Beers was in possession of 90% of the world's diamondsupplies. Which of the following options best describes this barrier to entry?a) Predatory pricing strategyb) Ownership of natural resourcesc) Legal barrierd) Economy of scaleQ41 What is the primary advantage of the patenting system from society's perspective?Hint: Use class notes, beware of Google as it answers this question from the firm's perspective.a) Firms and inventors make larger profits.b) Consistent record-keeping leads to better quality and dissemination of information.c) Allows innovations to move faster from 'design' to 'production' through economy of scale.d) Incentivizes technological advancement by granting monopoly profits to innovators.042 What is the primary disadvantage of the patenting system from society's perspective?int: Use class notes, beware of Google as it answers this question from the firm's perspective.a) Excessive administration costs place a financial burden on the government/taxpayers.b) Centralized information network makes it easier for competitors to steal ideas.c) Consumers are forced to pay monopoly prices on newly innovated products.d) Patent clerks and lawyers are valuable resources that could be used elsewhere in society.

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Answered: more. Which of the following options…

more. Which of the following options best describes this barrier to entry? a) Predatory pricing strategY b) Ownership of natural resources c) Legal barrier d) Economy of scale ry Jarge

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter13: best-practice Tactics: Game Theory

Section: Chapter Questions

Problem 1E

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