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Other Fields Homework Help Economics Topic started by: badkarma2007 on Feb 26, 2018



Title: What is a legal barrier to entry?
Post by: badkarma2007 on Feb 26, 2018
What is a legal barrier to entry?
 
  What will be an ideal response?



Ques. 2

What reasons do governments often give to justify the decision to not allow price to ration goods?
 
  What will be an ideal response?



Ques. 3

If a product has zero external costs, then marginal social cost equal marginal private cost.
 
  Indicate whether the statement is true or false



Ques. 4

What is the formula for calculating average fixed cost? If a firm has fixed costs of 8,500 per month and produces 1,900 units of output per month, what is its average fixed cost?
 
  What will be an ideal response?



Ques. 5

Describe the general types of barriers.
 
  What will be an ideal response?



Ques. 6

What three pieces of information do firms need to know to make production decisions?
 
  What will be an ideal response?



Ques. 7

Comment on the following statement: In the short run, a firm's total costs will be zero if the firm chooses to produce nothing.
 
  What will be an ideal response?


Title: What is a legal barrier to entry?
Post by: THOTLESLEY on Feb 26, 2018
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Title: What is a legal barrier to entry?
Post by: badkarma2007 on Feb 26, 2018
Thank you so much for the answer