Author Question: With coalition building and bargaining, transactions costs are higher the larger number of people ... (Read 111 times)

Shelles

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With coalition building and bargaining, transactions costs are higher the larger number of people involved.
 
  Indicate whether the statement is true or false

Question 2

Rational choice
 
  A) is a choice that uses the available resources to best achieve the objective of the person making the choice.
  B) is always efficient.
  C) is what you must give up to get what you want.
  D) is made by comparing different incentives.
  E) provides the answer to only the how question.



alexanderhamilton

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Answer to Question 1

TRUE

Answer to Question 2

A



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