A command system is a
A) method of organizing production that uses a market-like mechanism inside the firm.
B) method of organizing production that uses a managerial hierarchy.
C) set of rules that induce an agent to act in the best interest of a principal.
D) method of production that implements an assembly-line process.
Question 2
For a monopoly, the market demand curve is the firm's
A) supply curve.
B) marginal revenue curve.
C) demand curve.
D) profit function.