[Answered] Firms exist because of A) incomplete contracts. B) team production. C) the incentive to free ...

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Author Question: Firms exist because of A) incomplete contracts. B) team production. C) the incentive to free ... (Read 85 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

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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

TYSM

Viet Thy

Member
Posts: 329

Reply 3 on: Yesterday

Excellent

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