Opportunistic behavior on the part of the employer is possible ...

[Zoey63294]

Opportunistic behavior on the part of the employer is possible because:
 a. contracts are often incomplete and leave room for implicit understandings between the two parties.
  b. employees often reduce their effort level if they are important to the company.
  c. it is difficult to monitor all employees and their performances.
  d. good quality work can be easily measured.

Question 2

Exit from a market will occur if economic profits are zero.
  Indicate whether the statement is true or false

[annierak]

Answer to Question 1

A

Answer to Question 2

False