This topic contains a solution. Click here to go to the answer

Author Question: An oligopoly firm is generally characterized by: a. its consideration of rivals' reactions. b. the ... (Read 90 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
An oligopoly firm is generally characterized by:
 a. its consideration of rivals' reactions.
 b. the sale of standardized products.
 c. the possibility of realizing profits in the long run.
  d. both (a) and (c).

Question 2

When does an incomplete contract prove beneficial?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vseab

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

d

Answer to Question 2

A contract may remain incomplete because the expected benefits of greater completeness
do not cover the costs of drafting it. In some situations an incomplete contract can discourage opportunistic behavior. Incompleteness may also be helpful if at the time the parties draft the agreement they do not know how they can best react to certain contingencies.




EY67

  • Member
  • Posts: 531
Reply 2 on: Jun 30, 2018
Wow, this really help


alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Excellent

 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

For a complete list of videos, visit our video library