According to Coase, firms a. exist because the entrepreneur must ...

[ap345]

According to Coase, firms
 a. exist because the entrepreneur must prevent shirking
  b. should not exist
  c. should not exist if all participants in a market have perfect information
  d. exist because of the transaction costs of coordinating many resources through markets
  e. increase production costs and should therefore be limited

Question 2

Those who simultaneously buy and sell currency to take advantage of exchange rate differences are called
 a. speculators
  b. hedgers
  c. entrepreneurs
  d. arbitrageurs
  e. underwriters

[SVictor]

Answer to Question 1

D

Answer to Question 2

D

[ap345]

Thank you

[SVictor]

No problemo