BlackBerry Limited (Formerly Known as Research in Motion)had 16,000 Apps

question 100

Multiple Choice

BlackBerry Limited (formerly known as Research In Motion) had 16,000 apps for BlackBerry devices available in January of 2011.By January of 2012 over 60,000 apps were available, climbing to over 70,000 in February that same year.There were over 105,000 apps by September of 2012.This is an indication that in a competitive market

• A)the ease at which a new firm can enter a competitive market is low.
• B)the ease at which a new firm can enter a competitive market is high.
• C)entry into the market is blocked.
• D)entry into the market is restricted in the short run, but becomes easier in the long run.

---

Definitions:

Capital Contributions

Funds or assets given to a company by its owners or shareholders to support the business, which increase equity but are not considered income.

Capital Balance

The amount of money that stakeholders have invested in a company, often shown in the equity section of a balance sheet.

Income Distribution

This refers to the way money is allocated among individuals or groups in an economy, indicating how wages, salaries, and profits are divided.

Capital Contributions

Monetary or other assets provided by owners or shareholders to increase a company's equity.