24. Effectively impeded entry occurs when the incumbent does not have to sacrifice any profit to deter entry.

A. True

B. False

26. In the case of dynamic limit pricing, an incumbent gradually lowers price over time in an effort to reduce the rate of entry

A. True

B. False

32. New EmpiricalIndustrial Organization (NEIO)studies tend to utilize data from individual industries, whereas Structure-Conduct-Performance Paradigm (SCPP) studies tend to utilize data across multiple industries (i.e., cross-sectional industry data).

A. True

B. False

[34] A firm must be able to prevent price arbitrage to maximize profit from price discrimination.

A. True

B. False

[35] According to the 1969 study by Collins and Preston, the price-cost margin rises when firms are located further away from each other.

A. True

B. False

Give explanation