Biology Forums - Study Force

Property rights to resource uses are assigned to owners of the firm to avoid
 A) hold-up problems.
  B) externalities.
  C) value creation.
  D) normal profits to the company as a whole.

QUESTION 2

In which market models are firm's demand curves different from their marginal revenue curves?
 a. monopoly, oligopoly, and perfect competition.
 b. monopoly, oligopoly, and monopolistic competition.
  c. monopoly and oligopoly only.
 d. monopoly only.

QUESTION 3

A single individual performing all of the steps involved in the production of a commodity is usually less productive compared to one who performs only one task.
  Indicate whether the statement is true or false

QUESTION 4

For diversification to be a successful management strategy, it must
 A) generate accounting profits.
  B) earn normal profits.
  C) protect market share.
  D) add value.

QUESTION 5

The interdependence among oligopoly firms arises because:
 a. the products those firms produce are homogeneous.
 b. the products those firms produce are heterogeneous.
 c. entry barriers are low.
 d. a small number of firms produce a large share of industry output.

QUESTION 6

It is possible for a team member to monitor the activities of all other team members without affecting his/her own productivity.
  Indicate whether the statement is true or false

QUESTION 7

Managers can be seen as monitoring ____ within the firm.
 A) externalities.
  B) property rights
  C) stockholders.
  D) accounting profits.

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These are correct! Thank you very much!!!