This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A feature of perfect competition is A) use of non-price competition by firms. B) mutual ... (Read 140 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
A feature of perfect competition is
 
  A) use of non-price competition by firms.
  B) mutual interdependence among firms.
  C) unique products.
  D) standardized products.

Question 2

Contingent contracts
 
  A) are inefficient when monitoring is possible.
  B) equally divide the risk between principal and agent.
  C) can be used when monitoring is not reasonably possible.
  D) put the risk on the principal.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blazinlyss

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

C


Collmarie

  • Member
  • Posts: 569
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Competition can be (a) direct, or (b) indirect interaction among individuals of the same or differen Competition can be (a) direct, or (b) indirect interaction among individuals of the same or differen
Mutual symbiosis between clownfish of the genus Amphiprion that dwell among the tentacles of tropica Mutual symbiosis between clownfish of the genus Amphiprion that dwell among the tentacles of tropica
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Measuring the Activity of Feature Detection Cells Measuring the Activity of Feature Detection Cells
Competitive firms and maximization Competitive firms and maximization
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Chemical Messengers Animation

For a complete list of videos, visit our video library