Author Question: A market for a product for which demanders are willing to pay more than costs of production may not ... (Read 69 times)

bobthebuilder

  • Hero Member
  • *****
  • Posts: 567
A market for a product for which demanders are willing to pay more than costs of production may not arise because of:
 a. high transactions costs.
  b. strict price controls.
  c. the inability of producers to gain economies of scale.
  d. foreign countries dominating a domestic market for a product.

Question 2

Appendix: An incentive-compatible revelation mechanism is
 a. self-enforcing
  b. always multi-period
  c. too complicated to influence decisions
  d. prevalent in vertically integrated businesses
  e. not adopted by franchise businesses



Hdosisshsbshs

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

a

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

For a complete list of videos, visit our video library