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

Author Question: Costs to the firm arising from reaching agreements on input prices with suppliers and then ensuring ... (Read 38 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
Costs to the firm arising from reaching agreements on input prices with suppliers and then ensuring that terms of agreements are fulfilled, are called
 
  A) negotiation costs.
  B) agency costs.
  C) transactions costs.
  D) implicit costs.

Question 2

Suppose firms in a perfectly competitive industry are making economic profits. As a result I. new firms enter the industry. II. the market price falls. III. the economic profits of the existing firms decrease.
 
  A) I, II and III
  B) I and II
  C) II and III
  D) I and III


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nikmaaacs

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


bucstennis@aim.com

  • Member
  • Posts: 532
Reply 2 on: Jun 29, 2018
:D TYSM

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Reaching out for food on a garden bird feeder. Squirrels can rotate their hind feet, allowing them t Reaching out for food on a garden bird feeder. Squirrels can rotate their hind feet, allowing them t
Aneurysm. Photograph of the aorta, the large blood vessel arising from the heart, with a large bulge Aneurysm. Photograph of the aorta, the large blood vessel arising from the heart, with a large bulge
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
Dagny Taggart is a graduating college senior and she is considering the costs of going to ... Dagny Taggart is a graduating college senior and she is considering the costs of going to ...
Benefits and costs of herbicide applications Benefits and costs of herbicide applications
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library