Multiple Choice
Which of the following government policies would create a direct barrier to entry for new sellers in a market?
A) taxing business profits with a progressive tax
B) banning switching costs to protect consumers
C) ensuring that all sellers have equal access to inputs
D) granting a patent to the developer of a new product
Correct Answer:
Verified
Correct Answer:
Verified
Q43: Alana operates a small hair salon in
Q44: Average cost equals:<br>A)price.<br>B)the cost of producing one
Q45: The formula for calculating accounting profit is
Q46: The two main types of implicit opportunity
Q47: Juan earns a yearly salary of
Q49: As output increases, fixed costs:<br>A)rise.<br>B)fall.<br>C)remain constant.<br>D)fall and
Q50: Maia is thinking of opening a restaurant.
Q51: If firms are making economic losses, then
Q52: As output rises, average fixed costs:<br>A)rise.<br>B)fall.<br>C)remain constant.<br>D)fall
Q53: When a product is characterized by network