Answer:
Future value is approximately $3,183,600 which is equal to $3,184,000.
Explanation:
Please see attachment
Examples of barriers to entry include Patents.
<h3>What Are Barriers to Entry? </h3>
A term used in economics and business to describe variables that can deter or make it difficult for newcomers to enter a market or industry sector and so limit competition is "barriers to entry." These might include prohibitive startup fees, bureaucratic roadblocks, or other barriers that make it difficult for new rivals to enter a market. Existing businesses win from entrance barriers because they preserve their market share and capacity to make money.
There are four main types of barriers to entry:
- legal (patents/licenses),
- technical (high start-up costs/monopoly/technical knowledge),
- strategic (predatory pricing/first mover),
- brand loyalty.
Most people think of patents as temporary entry barriers put in place by the government. Patent protection, however, typically restricts access rather than blocking it. A business may enter a market that is protected as long as its product complies with a minimum standard of novelty and does not violate any active patents.
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The answer is B. antitrust laws.
Antitrust laws are designed to keep competition fair between corporations to protect consumers. These laws promote such competition and discourage monopolies from operating as such.
Answer:
option c) $ 12 billion
Explanation:
Data provided :
Required reduction in consumption = $ 36 billion
MPC = 0.75
Now,
Total income = Required reduction in consumption / MPC
or
the Increase in tax = $ 36 billion / 0.75
or
= $ 48 billion
the government can raise the tax = $ 48 billion - $ 36 billion = $ 12 billion
Hence, the answer is option C
In the long run, the increase in money growth will change price levels and inflation.
<h3>What is money neutrality?</h3>
Money neutrality is an economic theory that changes in money supply do not affect real variables but only affect nominal variables. As a result, monetary policy is neutral in the long-run and affects real variables in the short-run.
Here are the options: (A) The price level. (B) The level of technological knowledge. (C) The quantity of physical capital. (D) The inflation rate.
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