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Ivan
2 years ago
15

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

Business
1 answer:
mestny [16]2 years ago
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

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____________ makes subordinates aware of the importance of their performance to the organization and aware of their own needs fo
galina1969 [7]

Answer:

Transformational Leadership

Explanation:

Transformational leadership is a form or theory of leadership whereby the leader encourages employees or workers implement changes, whilst inspiring and motivating them to be innovative. A transformational leader is concerned with helping employees advance to higher levels of morale, confidence and motivation. They motivate employees to work for the good of the organization while also hitting on the aspects on the need for self growth.

3 0
3 years ago
If the price of sugar (ps) falls by $5, how does this affect the equilibrium price?
Dennis_Churaev [7]

If the price of sugar falls it will affect the quantity supplied of the sugar. As it will lead to the decrease in the supplied quantity.

<h3>What causes a fall in the equilibrium price?</h3>

A decrease in equilibrium demand and an increase in equilibrium supply will lead to a drop in equilibrium price, but the effect on equilibrium quantity is unpredictable.

Prices will drop because producers are ready to accept a lower price and consumers now place less value on the product, regardless of the amount.

Reduced demand will cause the equilibrium price to fall and the supply to increase.

Thus, it leads to the decrease in supplied quantity.

For more details about fall in the equilibrium price, click here:

brainly.com/question/14480835

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3 0
1 year ago
In economics, natural not created by people are called ____ , which can include ____
Sonja [21]

Answer:

land; deserts, fertile fields, forests, mineral deposits, livestock, sunshine, and the climate necessary to grow crops (all these options are valid)

Explanation:

4 0
3 years ago
Read 2 more answers
Paul makes an offer to lynn in a written purchase order, saying nothing about how her acceptance should be sent. lynn indicates
nignag [31]

Lynn’s acceptance is effective when she decides to accept. By the time she decided to accept the offer, there was already meeting of the minds between Paul and Lynn. Therefore, the acceptance of Lynn is effective from the time she decided to herself that she would accept the offer regardless of the time when the acceptance was received by the other party.

4 0
3 years ago
Bronski Corporation manufactures two products, Simple and Complex. The following information was gathered: Simple Complex Sellin
kramer

Answer:

The answer is "Option A".

Explanation:

Please find the correct question and its solution file.                                                                            

8 0
3 years ago
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