Barriers to exit are:
A) The non-refundable costs of quitting or scaling down capacity in an industry
B) Legal restrictions which prevent a firm from leaving an industry.
C) The opposite of barriers to entry.
D) Of no consequence if you don't plan to leave the industry.
Correct Answer:
Verified
Q23: In practice, drawing the boundaries of industries
Q24: A market's boundaries are defined by:
A)The geographies
Q25: In an industry, the profits earned by
Q26: Regarding industry concentration;
A)A high Concentration Ratio indicates
Q27: Firms in any industry can be said
Q29: Market and industry are:
A)Very specific economics terms
Q30: "Consumer surplus" is:
A)The difference between the price
Q31: Industries such as pharmaceuticals earn very high
Q32: If an industry earns a return on
Q33: "The market" and "the industry" are:
A)Related but
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