Author Question: To improve your own bargaining position a. have low valued outside options b. increase the value ... (Read 56 times)

vicotolentino · **on:** Jul 1, 2018

To improve your own bargaining position
a. have low valued outside options
b. increase the value of outside options
c. do not alter the value of your outside options
d. increase the value of your opponent's outside options

Question 2

For any given output level, a firm's long-run costs:
a. are always greater than or equal to its short-run costs.
b. are usually greater than or equal to its short-run costs except in the case of diminishing returns to scale.
c. are always less than or equal to its short-run costs.
d. are usually less than or equal to its short-run costs except in the case of diminishing returns to scale.