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91) A ______ is anything that might make it more difficult for a competitor to enter a market
a) Monopolistic entry
b) marginal entry
c) Barrier to entry
d) Perfect competition market
i CHOSE B

92) A good example of monopolistic competition is
a) A neighborhood restaurants
b) life insurance companies
c) auto insurance companies
d) attorneys
I CHOSE B

93) the four main types of market structure are
a) perfect competition, monopolistic competition, oligopoly, and monopoly.
b) land, labor, capital, and business know-how.
c) average, market, market balance, equilibrium, and marginal product
d) marginal cost, revenue, product, and price
i chose C

94 Marginal revenue is generally
a) Lower than the average cost
b) higher than the price
c) lower than the price
d) lower than the marginal product
i chose C

95) The profit- maximizing rule says that a seller will expand output up to the point:
a) where marginal revenue equals price
b) where marginal revenue equals marginal cost
c) where marginal cost equals price
d) where marginal cost exceeds marginal revenue.
i chose B

96) Market power is
a) the combination of price and product
b) the balance between average and marginal product
c) another term for equilibrium
d) the ability to raise prices above the level that perfect competition would produce
i chose D

97) when business have market power, they are able to change a higher price than the price with perfect competition. This is expressed graphically with market equilibrium
a) going to the right
b) going to the left
c) staying the same
d) vertically curving
i chose C

98) Assume all the restaurants in a town get together and agree to increase the price of dinner to $15 from $10. What could happen?
a) Profits would decrease
b) wholesale costs would increase
c) fewer meals would be served
d) the town would be happier
i chose D

99) A profitable business will attract
a) new competitors
b) government regulation
c) increases in marginal revenue
d) existing businesses
i chose C

100) In perfect competition, higher-cost businesses
a) thrive and grow
b) increase marginal revenue
c) tend to go out of business if unable to adjust
d) tend towards oligopolies
i chose C

i chose the answers.. but not sure though.. any help would be great… thanks

Undecided Question

Most have a 2 year clause, but are there any with a 1 year term, Usually, they will not pay out if the client is suspected of suicide within 2 years.

Someone I work with is interested in buying a term life insurance policy but is afraid she won't get coverage because she has had some situational depression and has had a suicide attempt as a minor.

Do life insurance companies dig up health information of as far back as your health records go (minors?)?

is it capital? or the premiums? those that appear in the financial statements of a company under investment income. what do they use in investing in these? thanks.

If millions of us start dying, will the relatives of those who are insured get payed.

I am applying for a new policy and I wonder how far back they will go for medical info.

In the next two years I am planning to move from Detroit, MI,and I am trying to find out everything I can aboout New York. I'm 57years old and I need to know about the city,and which ones would be best for me at this age.

Which are 7 top life insurance companies in india in terms of profits, number of policies & customers?

My husband needs term life insurance. He's 52. What companies do you recommend? How much do you pay in premiums per year?