According to Coase, the optimal allocation of resources is guided by
a. the decisions of a firm's managers
b. market prices when market transaction costs are greater than the firm's internal organization costs
c. the decisions of a firm's managers when market transaction costs are greater than the firm's internal organization costs
d. the decisions of a firm's managers when market transaction costs are less than the firm's internal organization costs
e. entrepreneurs
C
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Suppose the price of a movie falls from $9 to $7. Using the midpoint method, what is the percentage change in price?
A) 33 percent B) -33 percent C) 25 percent D) -25 percent E) -97 percent
From 1977-2011, the average duration of unemployment has been highest in which of the following places?
A) Canada B) Europe C) Mexico D) the United States
If people expect the price of automobiles to increase drastically next year, it is likely that the demand curve for this year's automobiles will shift to the right
Indicate whether the statement is true or false
Advertising a brand can help create a reputation effect.
Answer the following statement true (T) or false (F)