17. Which of the following is not an example of an entry barrier? {1 point) a. Government protection through patents or licensing requirements b. Strong brands c. Low capital requirements for entry d. Lower costs driven by economies of scale 18. The intersection between demand for dollars and the supply of dollars is known as the: {1 point) a. inflation rate. b. exchange rate. c. price. d. quantity. 19. Most of the appliances that Whirlpool sells in the UK, are built in the EU. What is the effect of a pound depreciation on Whirlpool's profit margin? {15 points) 20. On average, if demand is unknown and costs of underpricing are than the costs of overpricing, then {2 points) a. smaller, overprice b. smaller, underprice c. larger; underprice d. none of the above 21. Which of the following conditions must be satisfied for price discrimination to be successful? {1 point) a. The seller must have a different product for each group of customers. b. The seller must be able to identify each customer as having a high or low value. c. The seller must be able to prevent arbitrage between the two groups. d. None of the above. 22. Microsoft and a smaller rival often have to select from one of two competing technologies. The rival always prefers to select the same technology as Microsoft (because compatibility is important), while Microsoft always wants to select a different technology from its rival. Describe the equilibrium of this game. {10 points)