User Account

All Pages

Barriers to entry are crucial to the existence of long-run

Assignment Help Microeconomics
Reference no: EM13316430

“Barriers to entry are crucial to the existence of long-run profits, but they cannot guarantee the existence of profits.” Evaluate.

Reference no: EM13316430

Questions Cloud

Jobs are the key to economic progress : Jobs are the key to economic progress. Unless we create more jobs, our standard of living will fall
The earnings of engineers doctors and lawyers are high : The earnings of engineers, doctors, and lawyers are high because lots of education is necessary to practice in these fields
Why are real wages in the united states higher than in other : Why are real wages in the United States higher than in other countries? Is the labor force itself responsible for the higher wages of American workers? Explain.
The demand for resources is a derived demand : The demand for resources is a derived demand.” What is meant by that statement? Why is the employment of a resource inversely related to its price?
Barriers to entry are crucial to the existence of long-run : Barriers to entry are crucial to the existence of long-run profits, but they cannot guarantee the existence of profits
Why do you think there are only a few different varieties of : What determines the variety of styles, designs, and sizes of different products? Why do you think there are only a few different varieties of toothpicks but lots of different types of napkins on the market?
Will firms in a price-taker market be able to earn profits : Will firms in a price-taker market be able to earn profits in the long run? Why or why not? What determines profitability? Discuss.
Why does the short-run market supply curve for a product : Why does the short-run market supply curve for a product slope upward to the right? Why does the long-run market supply curve generally slope upward to the right?
When the firms in the industry are just able : When the firms in the industry are just able to cover their cost of production, economic profit is zero. Therefore, if demand falls, causing prices to go down even a little bit, all of the firms in the industry will be driven out of business

Reviews

Write a Review

Microeconomics Questions & Answers

  Both players know the all the payoffs in the game

Suppose we have a simultaneous moves entry game where the incumbent and the entry have to both decide on the strategies at the same time

  Negative criticism arising out of unfair competition

How might a Wal-Mart representative respond to the negative criticism that might arise as the result of sighting the new facility in a community ranging from traffic congestion to anti-union sentiment to unfair competition.

  Explain how the introduction of policy

Relatively little pollution is emitted initially in the production process, but as the factory is used more intensively, pollution per unit of output increases and Explain how the introduction of this policy will affect the production decision of f..

  Kind of decision that can be made at margin

Which of the following is a kind of decision that can be made at margin. whether to hire new workers or not ,whether to go on vacation or not or else.

  What would have benefitted from increased competition

name a good or service that you have purchased in recent months from a monopolist. How did the monopoly come to exist Do you think you would have benefitted from increased competition in the market for this good or service

  How to discourage long run growth through their policies

Analyze the roles of physical capital, human capital, technology, and natural resources in influencing long-run economic growth of aggregate output per capita, and how governments can contribute, or discourage long run growth through their policie..

  Profit maximizing in market for air travel

Formerly, market for air travel in Europe was highly regulated. Entry of new airlines was severely restricted, and air fares were set by regulation.

  Law of diminishing returns

Keeping the Law of Diminishing Returns in mind, comment on the quality of teaching and learning that occur when a resident successively works her 60th, 70th, 80th and 90th hours in a week.

  Show the effects of the negative supply shock

On Sunday October 23rd, Eastern Turkey was hit by a strong earthquake. Analyze the effects of this temporary negative supply shock on the real output and real interest rates using an IS-LM model. b. Show the effect of this negative supply shock.

  Description of pricing strategy

Determine your optimal pricing strategy if you and your rival believe that the new Jeep is a "special edition" that will be sold only for one year. Would your answer differ if you and your rival were required to resubmit price quotes year after ye..

  Find economic value which can be created by a transaction

The economic value which can be created by a transaction between two people, Ed (seller) and Luis (buyer), is $50 as Ed's opportunity cost of selling is $135 and Luis' valuation of the good is $185. If each gains $25 from this transaction,

  Real estate investors the leverage cycle

Please provide a critique and literature review on "Real Estate Investors,

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd