Question

1.Which of the following does not improve the standard of living?

A.Lifespan.

B.Internet speed.

C.Education level.

D.Cost of living.

2.Which of the following is not a barrier to entry?

A.Economies of scale.

B.Finance.

C.Product differentiation.

D.Technology.

3.Barriers to entry.

A.Exist only in perfectly competitive markets.

B.Restrict the number of firms in an industry.

C.Limit the size of an industry.

D.Do not affect the number of firms in an industry.

Answer 1

1.Which of the following does not improve the standard of living?

A.Lifespan.

2.Which of the following is not a barrier to entry?

A.Economies of scale.

3.Barriers to entry.

B.Restrict the number of firms in an industry.