Using two different industries as examples, explain how companies can use barriers to entry to discourage or even prevent competitors from entering the market.
Answer to relevant QuestionsIf the federal government enacts a tax on a monopoly, how would you expect the additional tax to affect the following?Profits of the monopolyOutput produced by the monopolyPrices charged by the monopolyExplain how marketing communications can affect consumers’ cognitively based attitudes. Contrast emotional and fear appeals. Use an example to illustrate your discussion.NAFTA and EU have certain similarities and differences. Discuss. Are we moving more towards regional and bilateral trade arrangements than multilateral ones (such as the WTO)? Is it good or bad for the global economy? ...Describe the make-up of American soldiers during Vietnam. As the antiwar movement deepened, how did soldiers protest the war? Evaluate the conditions soldiers returned to in America following their service. Should there be an increase in regulation enacted to cause companies to better market their products and services? Why or why not? Provide an example to support your response.
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