Author Question: A chief purpose of long-term contracts is to improve agents' A) information. B) incentives. C) ... (Read 127 times)

iveyjurea · **on:** Jun 29, 2018

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.