This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Firms exist because of A) incomplete contracts. B) team production. C) the incentive to free ... (Read 34 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Jun 30, 2018
Firms exist because of
 A) incomplete contracts.
  B) team production.
  C) the incentive to free ride.
  D) all of these choices.

Question 2

The ____ takes on particular importance because it is a self-enforcing equilibrium. That is, once this equilibrium is established, neither firm has an incentive to move.
 a. socially optimal solution
  b. Nash equilibrium
 c. disequilibrium
 d. payoff matrix


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nekcihc358

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

b


geoffrey

  • Member
  • Posts: 880
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Production efficiency. Production efficiency.
An incentive spirometer An incentive spirometer
A free-running circadian sleep–wake cycle 25.3 hours in duration. Despite living in an unchanging ... A free-running circadian sleep–wake cycle 25.3 hours in duration. Despite living in an unchanging ...
Free energy diagrams for the simple reaction A ----> B Free energy diagrams for the simple reaction A ----> B
ATP Production in Cardiac Muscle ATP Production in Cardiac Muscle
Computer reconstructions of the diversity in neurons that exist across species Computer reconstructions of the diversity in neurons that exist across species
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library