What entry barriers exist in (a) the fast-food industry, (b) cable television, (c) the auto industry, (d) the illegal drug trade, (e) potato chips and (f) beauty parlors?

a) Fast Food- The primary barrier is acquiring a franchise license for the individual restaurant or obtaining a food licence.

b). Cable TV - The primary barrier is obtaining a local franchise license. However, once established, new firms wanting to enter the market must also face very high start-up costs.

c). Auto Industry- major barrier is the extraordinarily high start-up costs and brand loyalty.

d). Illegal Drug Trade - This is an illegal market and new entrants are often kept out of this industry by threats from current suppliers.

e) Potato chips - Natural barriers may exits. Some producers may own a special variant of potato which is best suited for making chips.

f). Beauty parlors- This has the lower enter barrier. But at many places it may require here are licenses and health regulations to keep everything sanitary.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer; monopolistic competition;