E3.......3 QUESTION 42In a contestable marketO A. barriers to entry are quite high.O B. the threat of entry may hold down prices.O C. the Herfindahl-Hirschmann Index will be quite low.O D. there are many firms already in the market.QUESTION 43Which of the following would be considered discrimination?O A. Charging higher prices for gasoline in affluent areasO B. Offering "early bird" specials at restaurantsO C. Charging lower prices for fliers who book well in advanceO D. All of these are examples of price discrimination.O E. Printing coupons in the Sunday paperClick Save and Submit to save and submit. Click Save All Answers to save all answers.O E. Printing coupons in the Sunday paper.QUESTION 44Which of the following would not lead to higher concentration in an industry?O A. Rapidly changing tastes and preferencesO B. Large research and development costsO C. Significant volatilityO D. Large economies of scale▼QUESTION 45If the natural monopoly below were subjected to average cost pricing regulation, how large would the coClick Save and Submit to save and submit. Click Save All Answers to save all answers.O HQuestion Completion Status:QUESTION 46The rail system in Metropolis is a natural monopoly. If the government regulates the system by setting the fare equal to average total cost, whof the following will be true?O A. An economic profit will be earned.O B. An economic loss will be incurred.OC. A subsidy will be needed to prevent exit.O D. A normal profit will be earned.O E. Batman will opt to take the train when fighting crime.QUESTION 47If Bethlehem Steel and Ford Motor Company merged, this would be an example of aO A. horizontal merger.O B. vertical merger.O C. integration merger.O D. conglomerate merger.Click Save and Submit to save and submit. Click Save All Answers to save all answers.Type here to searchQUESTION 48Cartels and trusts are illegal around the world.O TrueO FalseOQUESTION 49Contestable markets theory offers one explanation for why oligopolized industries do not always engage in anticompetitive behanO TrueO FalseClick Save and Submit to save and submit. Click Save All Answers to save all answers.Type here to search4Di

Introduction: A contestable market is where new entrants can compete in the market. This market…

Answered: QUESTION 42 In a contestable market O…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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A sheriff applies for the a reward offered by a bank to anyone who catches a bank robber. If the sheriff apprehends a bank robber will he be able to collect the reward? Question 12 options: A) Probably, if he was off duty at the time he caught the robber, B) If he was on duty at that time...probably not. C) Yes it was an open offer. D) No, the bank's statement was only an invitation to negotiate E) A and B
Which of the following statements about the pink tax is FALSE in relation to the market for personal hygiene products? Question 3Answer a. The pink tax benefits men and those who do not buy female-marketed products by allowing firms to charge lower prices for male-marketed products b. The markets for men- and women-marketed products are separated through the use of advertising c. All of the statement are true d. The pink tax only exists because women are willing to pay higher prices for women-marketed personal hygiene products e. The pink tax is an example of 3rd degree price discrimination

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QUESTION 42 In a contestable market O A. barriers to entry are quite high. O B. the threat of entry may hold down prices. O C. the Herfindahl-Hirschmann Index will be quite low. O D. there are many firms already in the market.