When the ownership of the different stages of production of a ...

[Lobcity]

When the ownership of the different stages of production of a commodity lies with different individuals, it becomes difficult to take decisions on capacity expansion because of all the following reasons, EXCEPT:
 a. differences in attitudes toward risk.
  b. differences in motivation.
  c. different degrees of risk exposure.
  d. different abilities to hedge themselves.

Question 2

Often, when no player has a dominant strategy
 A) there is a dominated strategy.
  B) there is a chance for circular reasoning.
  C) then another player is needed.
  D) then there is a competitive market.

[zhanghao]

Answer to Question 1

B

Answer to Question 2

B

[Lobcity]

Thanks for the timely response, appreciate it

[tuate]

Great answer, keep it coming