All categories

2 years ago

Which is a barrier to entry? close substitutes diseconomies of scale government licensing price-taking behavior

1 answer:

6 0

Government Licensing is a barrier to entry. The obstacles or hindrances that make it difficult for new companies to enter a given market are referred to as barriers to entry.

Licenses and permits are government-issued entry barriers. These are typically issued by the government in order to maintain quality while also reducing competition. As a result, it will be difficult for new businesses or individuals to enter.

Barriers to entry generally operate on the asymmetry principle, which states that different firms have different strategies, assets, capabilities, access, and so on. When barriers become dysfunctional, incumbents can keep out virtually all competitors, resulting in a monopoly or oligopoly.

To know more about monopoly/oligopoly here-

brainly.com/question/14765846

#SPJ4

You might be interested in

If the company budgets to need 4000 units to sell for a month, has a beginning inventory of 1000 units and a desired ending inve

Alecsey [184]

Answer:

5,500 units

Explanation:

The computation is shown below:

Given that

Need to sell the units in a month = 4,000 units

Beginning inventory = 1,000 units

Desired ending inventory = 2,500 units

So, by considering the above information, the units to be produced is

= Desired ending inventory + need to sell the units in a month - beginning inventory

= 2,500 units + 4,000 units - 1,000 units

= 5,500 units

5 0

3 years ago

A subtle form of racial discrimination in housing is "racial steering." racial steering occurs when real estate agents show pro

Olenka [21]

B. H0 : There is no association between race and the section of the apartment complex.
H A: There is an association between race and the section of the apartment complex.

Find the χ2 statistic
Solution
The formula for calculating χ2 statistic is given by ;
χ2∗ =∑(Oi−Ei)2/Ei, where Oi and Ei is the i^th observation and the i^th expected count
From the given data calculated the expected count using the formula; E = (row total *column total)/sample size

χ2 = 7.104439336,
χ2 = 7.104 (rounded to 3 decimal .places)

The P-value is;
Degrees of freedom = (2-1)*(2-1) = 1, χ2 = 7.1044
P-value from chi-square calculator is 0.007689

3 0

3 years ago

Reinhardt Furniture Company has 40,000 shares of cumulative preferred 2% stock, $150 par and 100,000 shares of $5 par common sto

OverLord2011 [107]

Answer:

Explanation:

ok boomer

6 0

3 years ago

PC Bell, a computer manufacturer that sells computer systems directly to customers, buys a computer chip for $150, software

Stella [2.4K]

Answer:

The price is $1,540

Explanation:

The reason is that the profit share is $1,100 and the cost includes computer chip, software and printer which are worth $150, $250 and $40.

The price can be calculated using the following formula:

Price - Cost = Profit

Here profit is $1100 and cost is $440 (150+250+40)

By putting the values we have:

Price - $440 = $1100

Price = $1100 + $440 = $1540

6 0

3 years ago

Ace Construction Company contracts to build a retirement community on land owned by Smith. Jones, an adjoining landowner, expect

Arada [10]

Answer:

d.) Jones is an incidental beneficiary and has no right to sue for Ace Construction's breach of the contract.

Explanation:

Jones was not a direct party to the contract, in fact, any profit which he was supposed to receive was incidental in nature and thus he cannot sue Ace Construction's breach of the contract.

4 0

3 years ago