--%>

Legal barriers to entry

Patents are illustrations of: (a) legal economies of substitution. (b) legal barriers to entry. (c) natural barriers to entry. (d) marginal diseconomies of scale.

Can someone explain/help me with best solution about problem of Economics...

   Related Questions in Microeconomics

  • Q : Numerical question regarding demand At

    At $1.50 per gallon, Alana purchases 50 gallons of gasoline weekly, Bart purchases 20 gallons weekly, and Caitlin purchases 20 gallons weekly. One point on their joint demand curve for gasoline would be Q =: (1) 90 gallons per week, P = $1.50. (2) 90 gallons per week,

  • Q : Persistent range of output by economies

    When economies of scale are persistent across the range of output which people might feasibly purchase, in that case: (w) pure competition is the most efficient market structure. (x) competition will prevent monopolization of the industry. (y) competi

  • Q : Economic profits by potential customers

    When you lease a building for five years and rapidly achieve economic profits since it is located conveniently for potential customers: (1) you could capitalize some of these pure profits when you sold your business along with a sublease at the ending

  • Q : Problem on Equilibrium price What

    What happens to equilibrium price if increase in demand is equivalent to increase in supply? Answer: In case of equivalent increase in demand and supply the equilib

  • Q : Price ceilings and price floors Price

    Price ceilings and price floors: 1) cause surpluses and shortages respectively. 2) make the rationing function of free markets more efficient. 3) interfere with the rationing function of prices. 4) shift demand and supply curves and therefore have no effect on the rat

  • Q : What will occur when government taxes a

    When the government taxes a good, the price consumers currently face is most probably: (w) higher than before the tax. (x) below the price the seller receives. (y) less than average production cost. (z) justified through welfare payments to taxpayers.

    Q : Assistance with a quiz I have a quiz in

    I have a quiz in Micro (below) can you assist by Saturday? An insulation plant makes three types of insulation (types B, R and X). Each is produced on the same machine which can produce any mix of output so long as the daily total weight is no more than 70 tons. The insulation is shipped in truck

  • Q : Economic minimized losses or maximized

    When a firm’s total revenue potentially exceeds total variable cost for at least one output level, in that case economic losses are minimized or profit is maximized through producing where: (i) average total cos

  • Q : Minimum value of investment multiplier

    Minimum value of investment multiplier: Investment multiplier K=1/1-mpcWhen mpc = 0 then K=1/1-0 = 1 that is the minimum value of investment multiplier

  • Q : Tourism effects How tourism effects in

    How tourism effects in an upcoming industry?