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Lana71 [14]
3 years ago
15

Which of the following policies is most likely to encourage innovation, higher quality goods, and lower prices?

Business
1 answer:
nasty-shy [4]3 years ago
5 0

Answer:

The correct answer is c. Reducing barriers that limit entry of firms into new and existing markets.

Explanation:

An entry barrier is a high cost or other type of barrier that prevents a business from entering the market and competing with other businesses. Barriers to entry may include government regulations, the need for a license, or having to compete with a large corporation being a small business.

As an example, the large company is able to produce a larger quantity of products more efficiently than a company with fewer resources. They have lower costs because they are able to buy bulk materials, and they have less overhead because they produce more under one roof. It would be difficult for the small company to keep up with that, resulting in the avoidance of market entry.

Barriers to entry can have a negative effect on prices because the playing field is not level and competition is restricted. It is not an ideal situation for anyone except for the large company that has a monopoly. However, entry barriers are not always prohibitive. In fact, many new businesses find some type of entry barrier that they must overcome, be it the initial investment, the acquisition of licenses or obtaining a patent - it is only part of the business.

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777dan777 [17]

Answer:

The correct answer is: deficit; surplus.

Explanation:

A budget deficit refers to the situation when the government expenditures are greater than government revenue. While a budget surplus is a situation where the government revenues are greater than government expenditure.  

When government expenditures are equal to government revenues, the budget is said to be in balance.  

A budget deficit is corrected by increasing taxes and decreasing spending.  

A budget surplus can also be referred to as government saving.

6 0
2 years ago
James is an agreeable and emotionally stable person. A _______ , he inspires his employees to believe in the changes he wants to
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Answer:

transformational leader

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3 years ago
______________ give government the power to block certain mergers, and in some cases, to break up large firms into smaller ones.
Sonja [21]

Answer:

Antitrust law

Explanation:

Antitrust law are a collection of federal and state laws which is meant to create a conducive atmosphere for businesses to operate, such that there would be healthy competition among businesses. This law cut across all sectors such as transportation, health, manufacturing industries etc.

Examples of law promulgated for antitrust are the Sherman act, the Clayton act; all of which are responsible for the prohibition of certain practises by business such as illegal price fixing and corporate mergers which could hinder a market from being competitive, hence break them into smaller units.

6 0
3 years ago
V8 juice has for years advertised itself as a refreshing and nutritional drink that contains eight different vegetables, and tha
Oliga [24]

Answer: Product line extension

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7 0
3 years ago
Which of the following imperfect competitions in national markets can multinational firms take advantage of? a. product differen
crimeas [40]

Answer:

c

Explanation:

i feel they should take advantage of theit financial strength

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