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 84 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
Gracias!

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Free-roaming mustangs (Utah, 2005) Free-roaming mustangs (Utah, 2005)
The thermodynamics of protein folding depicted as a free-energy funnel The thermodynamics of protein folding depicted as a free-energy funnel
Incomplete Dominance in Sickle-Cell Inheritance Incomplete Dominance in Sickle-Cell Inheritance
Free energy diagrams for the simple reaction A ----> B Free energy diagrams for the simple reaction A ----> B
World Aquaculture Production "لإنتاج العالمي لتربية الأحياء" World Aquaculture Production "لإنتاج العالمي لتربية الأحياء"
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Video: Dendrite Animation

For a complete list of videos, visit our video library