Author Question: According to agency theory, the firm is viewed as a(n) A) unified, profit-maximizing entity. B) ... (Read 26 times)

naturalchemist · **on:** Jul 7, 2018

According to agency theory, the firm is viewed as a(n)

A) unified, profit-maximizing entity.
B) task force organization that must respond to rapidly changing environments.
C) entrepreneurial endeavor.
D) nexus of contracts among self-interested individuals.
E) entrepreneurial structure.

Question 2

Compared to traditional goods, digital goods incur

A) lower distribution costs.
B) higher marginal costs per unit.
C) equivalent copying costs.
D) similar inventory costs.
E) less disintermediation.