In a world of perfect information, if consumers could costlessly contract with private contractors to produce a good and there were no economies of scale,
a. firms would be unnecessary
b. markets would be unnecessary
c. consumers would be unnecessary
d. consumers would face greater production costs
e. firms would be more efficient than the market
Question 2
A leftward shift of the Japanese demand curve for foreign exchange will
a. increase the price of foreign exchange in Japan
b. decrease the value of the yen
c. make foreign goods more expensive in terms of yen
d. make foreign goods less expensive in terms of yen
e. make Japanese goods less expensive in terms of foreign exchange
Information flows from the nucleus to the cytoplasm and back.
Urinometer. In this procedure, a urine sample and urinometer are placed within a tube, and the liqui
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The science-based DRIs serve as the basis for information
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Management Information Systems: Managing the Digital Firm, 15th Edition