In which type of contract does the agent receive a share of revenues earned?
A) A commission based contract.
B) A sharecropping contract.
C) A piece rate contract.
D) A contract with stock options as salary.
A
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How are the current account and the financial account related?
What will be an ideal response?
The main difference between perfect competition and monopolistic competition is:
a. The number of sellers in the market b. The ease of entry and exit in the industry c. The degree of information about market price d. The degree of product differentiation e. Whether it is the short run or the long run
As a firm increases the level of output that it produces, short-run average fixed cost
A) rises and then falls. B) remains constant since fixed costs are constant. C) decreases. D) decreases up to a particular level of output and then increases.
What is meant by the concentration of an industry? How is concentration measured? What are likely causes of high concentration?
What will be an ideal response?