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 94 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!

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

The thermodynamics of protein folding depicted as a free-energy funnel The thermodynamics of protein folding depicted as a free-energy funnel
Human of the planet's net primary production and appropriation of NPP Human of the planet's net primary production and appropriation of NPP
Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production
Structures of Voice Production Structures of Voice Production
Statistics Question: A swim team Statistics Question: A swim team
Mechanisms involved in production of metabolic alkalosis due to loss of gastric fluid Mechanisms involved in production of metabolic alkalosis due to loss of gastric fluid
Video: Dissociative Disorders (Part 2)

For a complete list of videos, visit our video library