Question classify the following as a government-enforced, Ask an Expert

Economics

Question: Classify the following as a government-enforced barrier to entry, a barrier to entry that is not government enforced, or a situation that does not involve a barrier to entry.

a. A city passes a law on how many licenses it will issue for taxicabs

b. A city passes a law that all taxicab drivers must pass a driving safety test and have insurance

c. A well-known trademark

d. Owning a spring that offers very pure water

e. An industry where economies of scale are very large compared to the size of demand in the market

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93107694

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Qestion firms 1 and 2 compete on price the demand is q

Question: Firms 1 and 2 compete on price. The demand is Q = 100 - p, where p is the price. Consumers buy from the firm that sells more cheaply. If both firms sell at the same price, demand is divided equally. The margina ...

Question on the television show jeopardy contestants in the

Question: On the television show Jeopardy contestants in the final round must choose some part of their winnings to bet on their answer to an upcoming question, and the winner's bet is added to the amount he has already ...

Question - polyas four-step problem-solving process is a

Question - Polya's four-step problem-solving process is a general and systematic process for solving problems. Use this process to solve an application problem. Describe each step of the problem-solving process for the p ...

Question - suppose there are 100 commuters that use a strip

Question - Suppose there are 100 commuters that use a strip of highway to get to work. They all drive alone and prefer to drive in big cars - it gives them more prestige a makes them feel safer. Bigger cars cost more per ...

Question you and your friend have opened an account on

Question: You and your friend have opened an account on E-Trade and have each decided to select five similar companies in which to invest. You are diligent in monitoring your selections, tracking prices, current events, ...

Question adidas will put on sale what it bills as the

Question: Adidas will put on sale what it bills as the world's first computerized "smart shoe." But consumers will decide whether to accept the bionic running shoe's $250 price tag-four times the average shoe price at st ...

Indifference curves assume that the consumer purchases only

Indifference curves. Assume that the consumer purchases only two goods, x and y. Based on the information in each of the following parts, sketch a plausible set of indifference curves (that is, draw at least two curves, ...

Question in 1964 and 1965 a 20 reduction in personal and

Question: In 1964 and 1965, a 20% reduction in personal and corporate income tax rates was followed by a budget surplus. In 1982 and 1983, a 20% reduction in personal and corporate income tax rates was followed by a budg ...

Question purpose to assess your ability to1describe and

Question: Purpose: To assess your ability to: 1. Describe and explain the law of demand 2. Describe and explain the law of supply 3. Explain the role of price in reaching a market equilibrium Action Items 1. Post a real- ...

Question 1 what potential problems and benefits likely

Question: 1. What potential problems and benefits likely with early or flexible retirement programs? provide specific example 2. Should either unions or management be concerned with the apparently small effect of higher ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert