To protect economic profits
A) a firm should try to acquire a barrier to entry.
B) a firm should limit substitutes.
C) a firm should have a patent if possible.
D) all of these choices.
Correct Answer:
Verified
Q1: Diversification
A)maximizes risk.
B)maximizes profit.
C)minimizes risk.
D)minimizes costs.
Q2: The tournament effect
A)may help explain why CEO
Q4: Economic profits are earned when
A)price equals marginal
Q5: When a firm acquires another,
A)the acquired firm
Q6: To maximize total revenue
A)should produce where MR=MC.
B)should
Q7: To gain market share
A)a firm needs to
Q8: When a firm acquires another,
A)the one acquired
Q9: Stock options were developed as a form
Q10: To gain market share a firm should
A)maximize
Q11: In a cash acquisition
A)cash is transferred from
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