ECO 561 Final Exam: ECO 561 - If a firm in a purely competitive industry

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13) Which of the following is a nonprice barrier of entry? A. Huge sunk cost B. Discounts C. Product differentiation D. Advertising To download the complete answer check eco 561 final exam 2013 14) A third-degree price discrimination can be applied to which of the following market structures? A. A monopoly B. An oligopoly C. A monopolistic competition D. A perfect competition http://www.studentwhiz.com/
15) Investing in R&D is more likely to occur in markets where A. firms have monopoly power protected by regulatory barriers B. markets are closely competitive markets with close to zero economic profits C. markets are oligopoly markets with strong collusion agreements D. markets are monopolistic competitive markets 16) All economies of scale are achieved at the minimum of A. average total cost B. total cost C. average variable cost D. average fixed cost http://www.studentwhiz.com/
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ECO 561 Final Exam: ECO 561 - If a firm in a purely competitive industry

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