Industries such as pharmaceuticals earn very high returns on investment. Such industries:
A) Tend to be protected from competition by legal restrictions.
B) Can only maintain such high returns for short periods.
C) Always exist when intangible products are traded
D) Tend to have high entry barriers and differentiated products
Correct Answer:
Verified
Q26: Regarding industry concentration;
A)A high Concentration Ratio indicates
Q27: Firms in any industry can be said
Q28: Barriers to exit are:
A)The non-refundable costs of
Q29: Market and industry are:
A)Very specific economics terms
Q30: "Consumer surplus" is:
A)The difference between the price
Q32: If an industry earns a return on
Q33: "The market" and "the industry" are:
A)Related but
Q34: What is the relationship between macro level
Q35: A barrier to entry is:
A)Anything that facilitates
Q36: For a manufacturer access to distribution is
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