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Author Question: A market for a product for which demanders are willing to pay more than costs of production may not ... (Read 71 times)

bobthebuilder

  • Hero Member
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  • Posts: 567
on: Jul 1, 2018
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
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  • Posts: 315
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


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