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What is a legal barrier to entry?

badkarma2007

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6 years ago

What is a legal barrier to entry?

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?

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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?

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Ques. 5

Describe the general types of barriers.

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Ques. 6

What three pieces of information do firms need to know to make production decisions?

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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?

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THOTLESLEY

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6 years ago

This verified answer contains over 450 words.

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badkarma2007 Author

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6 years ago

Thank you so much for the answer

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