Microeconomics

Replies / Views	Last post
Popular management jargon includes A) benchmarking. B) empowerment. C) lean manufacturing. D) ... Started by ARLKQ	1 Replies 96 Views	Jun 30, 2018 by kkenney
Firms in oligopoly often behave like the prisoners in the prisoners' dilemma, carefully anticipating ... Started by APUS57	1 Replies 124 Views	Jun 30, 2018 by kristenb95
Incompleteness of a contract can be considered boundedly rational if at the time the parties draft ... Started by chandani	1 Replies 75 Views	Jun 30, 2018 by kthug
Economic decision making recognizes that A) all choices have benefits and costs. B) benefits are ... Started by EY67	1 Replies 84 Views	Jun 30, 2018 by Loise Hard
When the prisoners follow their dominant strategy and confess, they will be worse off than if both ... Started by HCHenry	1 Replies 93 Views	Jun 30, 2018 by polinasid
An organization offers training programs for its employees at a subsidized rate to help them use a ... Started by Awilson837	1 Replies 85 Views	Jun 30, 2018 by LP
Clearly defined property rights promote the efficient use of property. Indicate whether the ... Started by yoooooman	1 Replies 142 Views	Jun 30, 2018 by verrinzo
An oligopoly is a market: a. dominated by a few buyers. b. dominated by one buyer. c. dominated by ... Started by karateprodigy	3 Replies 174 Views	Jun 30, 2018 by nicoleclaire22
Which of the following investments can be classified as specific assets? a. Opening a restaurant in ... Started by bobthebuilder	1 Replies 62 Views	Jun 30, 2018 by kardosa007
Comparative advantage and relative opportunity costs are the same thing. Indicate whether the ... Started by cool	1 Replies 54 Views	Jun 30, 2018 by spencer.martell
Which of the following is characteristic of an oligopolistic industry? a. few firms b. ... Started by imowrer	1 Replies 81 Views	Jun 30, 2018 by ladyjames123
_____ is an example of human specificity which raises the risks associated with opportunism. a. Car ... Started by Deast7027	1 Replies 42 Views	Jun 30, 2018 by fffftttt
Opportunity cost is defined monetary terms. Indicate whether the statement is true or ... Started by CBme	1 Replies 48 Views	Jun 30, 2018 by katara
A market situation where a small number of sellers compose the entire industry is called: a. ... Started by bucstennis@aim.com	1 Replies 83 Views	Jun 30, 2018 by annierak
A travel agency enters into a contract with a hotel chain which gives it priority access to 25 ... Started by urbanoutfitters	1 Replies 55 Views	Jun 30, 2018 by 6ana001
Arbitrage creates profits but has no effect on prices. Indicate whether the statement is true or ... Started by olgavictoria	3 Replies 85 Views	Jun 30, 2018 by cloud
Firms in an oligopoly market tend to be ____ and have ____ barriers to entry. a. large (relative to ... Started by pragya sharda	1 Replies 114 Views	Jun 30, 2018 by reelove4eva
Which of the following can be classified as a highly specific asset? a. A country's soldiers b. A ... Started by student77	1 Replies 85 Views	Jun 30, 2018 by marict
Monopoly is represented by a single seller. Indicate whether the statement is true or ... Started by fagboi	1 Replies 85 Views	Jun 30, 2018 by shoemake
Firms in an oligopoly market tend to have strategies that are ____ and ____ economic profits. a. ... Started by erika	1 Replies 131 Views	Jun 30, 2018 by Missbam101
Which of the following features was prominent in the airline industry during the 1950s? a. The ... Started by Medesa	1 Replies 97 Views	Jun 30, 2018 by TINA
Property rights A) only need to be found in wealthy segments of the population. B) need to be ... Started by yoroshambo	1 Replies 35 Views	Jun 30, 2018 by Anonymous
In which of these situations is vertical integration most likely? a. A cargo distribution company's ... Started by skymedlock	1 Replies 63 Views	Jun 30, 2018 by stallen
Interdependence among firms is characteristic of: a. perfectly competitive markets. b. monopoly ... Started by james	3 Replies 92 Views	Jun 30, 2018 by catron30
If parties to a contract can anticipate the court's decision in the event of a dispute with some ... Started by imanialler	1 Replies 107 Views	Jun 30, 2018 by gstein359