Author Question: A feature of perfect competition is A) use of non-price competition by firms. B) mutual ... (Read 78 times)

Collmarie · **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.