Which one of the following statements is incorrect about the Structure-Conduct-Performance Paradigm of industrial organization economics?   A. Barriers to entry are treated as structure and play an important role in this paradigm.   B. None of the other statements is correct.   C. This paradigm started with Bain (1956).   D. This paradigm assumes a one-way chain of causation: from structure to conduct to performance

Porter's competitive forces framework, (as an entry barrier) arise in industries where a buyer's willingness to pay for a company's product increases with the number of other buyers who also patronize the company. (a) demand side benefits of scale, (b) supply side economies of scale, (c) equilibrium economies of scale, (d) supply side benefits of scope, (e) equilibrium benefits of scale

At the start of the recession during early 2020 and 2021, land releases for owner- occupier (such as a 4 bedroom single-storey dwelling) housing were limited. Therefore, only few construction companies were in action as the costs of borrowing money from banks also slowly started decreasing. But there are no barriers to entry or exit in the construction industry such as for building owner-occupied housing. Explain with the help of a well-labelled diagram the profit and loss performance of a firm operating in the construction of a 4 bedroom single-storey dwelling in the construction industry between 2020 and 2021.

Which legal school of thought is illustrated in this dialogue? DONUT DAY AT THE OFFICE Part 4 Lee: Right. Inflexible rules, applied the same way every time and in every situation, are just a sign of corporate insanity. This is a company that knows how to adapt and make smart decisions based on the circumstances at hand. Remember when we found out that Allied Chemical hair gel accelerated hair growth at twice the industry standard . . . just before the hair would fall out? Remember what happened to Winfred after he tested out the stuff for us? Remember how happy Allied Chemical was with us when we figured how to market their goop anyway? The rules are made to help us, the best of the best, get what we want. We are the "enlightened" of the break room, and the rules are meant to help US get what WE want. End Part 4      Irrational forces perspective.   Sociological school of thought.   Legal realism school of thought.   Critical Legal Studies school of thought.