Which of the following will improve your supplier contracting bargaining position
a. Your supplier merges with an alternative supplier
b. You redesign your component requirements to be more flexible across different potential suppliers
c. You redesign your component requirements so that your preferred supplier is more integral to product success
d. Your supplier's chief competitor has exited the market
a
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In a prisoners' dilemma game, in the Nash equilibrium
A) neither player gets his or her best outcome. B) both players get their best outcome. C) one player gets his or her best outcome and the other player does not. D) collusion would not alter the outcome. E) Either answer A or C might be correct depending on whether the players communicate with each other or do not communicate with each other.
An example of a price ceiling would be:
a. a ration coupon. b. a guarantee of a target price for farm products. c. parity pricing. d. rent control. e. the soil bank program.
Which of the following would the Fed increase in order increase the supply of money?
a. open market purchases of government bonds b. reserve requirements c. discount rate d. all of the above
The ability to produce a good at lower opportunity costs than another producer is known as
A. economies of scale. B. comparative advantage. C. marginal cost production. D. absolute advantage.