Q Question 1 2 out of 2 points Briefly describe 2 government-imposed barriers to entry that help larger firms avoid some competition, and then explain the impact that these government actions have on consumer prices. Question 2 2 out of 2 points Briefly describe limit pricing and predatory pricing as used by some oligopoly firms, and then explain which form of pricing is more specifically designed to prevent potential firms from entering the market. Question 3 2 out of 2 points Briefly describe behavioral economics, and then explain how it is used to help assess consumer demand. Question 4 2 out of 2 points Distinguish between the short run and long run in terms of variable costs and fixed costs. Question 5 2 out of 2 points Does the pursuit of economic self-interest benefit the economic pursuits of others? Explain why or why not.
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