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Author Question: When the ownership of the different stages of production of a commodity lies with different ... (Read 47 times)

Lobcity

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on: Jun 30, 2018
When the ownership of the different stages of production of a commodity lies with different individuals, it becomes difficult to take decisions on capacity expansion because of all the following reasons, EXCEPT:
 a. differences in attitudes toward risk.
  b. differences in motivation.
  c. different degrees of risk exposure.
  d. different abilities to hedge themselves.

Question 2

Often, when no player has a dominant strategy
 A) there is a dominated strategy.
  B) there is a chance for circular reasoning.
  C) then another player is needed.
  D) then there is a competitive market.


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zhanghao

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


Lobcity

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Reply 2 on: Jun 30, 2018
Gracias!

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Reply 3 on: Yesterday
Excellent

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