A chief purpose of long-term contracts is to improve agents' ...

[iveyjurea]

A chief purpose of long-term contracts is to improve agents'
 
  A) information.
  B) incentives.
  C) control over principals.
  D) security.

Question 2

If a perfectly competitive firm decides to shut down in the short run, its loss will equal its
 
  A) minimum average variable cost, AVC.
  B) total variable cost, TVC.
  C) total fixed cost, TFC.
  D) average total cost, ATC.

[britb2u]

Answer to Question 1

B

Answer to Question 2

C

[iveyjurea]

Great answer, keep it coming

[amcvicar]

YES! Correct, THANKS for helping me on my review