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Author Question: In the very short run: a. new firms may enter an industry. b. existing firms may change the ... (Read 65 times)

jlmhmf

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on: Jul 1, 2018
In the very short run:
 a. new firms may enter an industry.
  b. existing firms may change the quantity they are supplying.
  c. price and quantity supplied are absolutely fixed.
  d. quantity supplied is absolutely fixed.

Question 2

To accomplish its purpose a linear profit-sharing contract must
 a. induce the employee to moonlight
  b. communicate a code of conduct that will be monitored and enforced
  c. meet either the participation or the incentive compatibility constraint
  d. establish a separating equilibrium
  e. not realign incentives


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SamMuagrove

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

d


jlmhmf

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

Dnite

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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