The advantages of the M-Form of firm organization is
a. divisions can respond more easily to changes in customer demand
b. it is easier to maintain customer relationships
c. there is less coordination across the firm's divisions
d. all of the above
d
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Japan did not lead the world in automobile production in the 1950s because _________________________.
An market in which the Herfindahl-Hirschman Index (HHI) is 2,500 is considered to be
A) an oligopoly. B) monopolistically competitive. C) a monopoly. D) perfectly competitive.
The labor market is in equilibrium when:
a. the demand curve lies above the supply curve. b. both demand and supply curves are positively sloped. c. both demand and supply curves are negatively sloped. d. the demand curve intersects the supply curve. e. the demand curve is negatively sloped but the supply curve is positively sloped.
A country operates inside its production possibilities curve; this may be caused by
A) unemployed resources. B) total efficiency in industry. C) a new resource being discovered. D) a lack of modern products being produced.