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Author Question: Which of the following is an example of market governance? a. A firm vertically integrating ... (Read 44 times)

crobinson2013

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Which of the following is an example of market governance?
 a. A firm vertically integrating backward to own the necessary inputs
  b. A firm entering into a contract with input suppliers.
  c. A school recruiting a part-time teacher to cover for a permanent employee who falls very ill.
  d. A school requesting its permanent employees to cover for a teacher who suddenly falls ill.

Question 2

If a firm has constant returns to scale, then doubling all of its inputs will just double its output.
 a. True
  b. False
  Indicate whether the statement is true or false


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xiaomengxian

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xiaomengxian

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