« previous next »

Author Question: A market for a product for which demanders are willing to pay more than costs of production may not ... (Read 57 times)

bobthebuilder

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

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Health Care Costs for the Elderly and Disabled Health Care Costs for the Elderly and Disabled
Modern Predication of Peak in Global Oil Production Modern Predication of Peak in Global Oil Production
The production of electricity from coal is inefficient The production of electricity from coal is inefficient
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Satellite data showing net primary production. Productivity is coded as red (highest) down through o Satellite data showing net primary production. Productivity is coded as red (highest) down through o
Video: Embryonic development - Weeks 5 to 8

For a complete list of videos, visit our video library