If firms anticipate that they are at risk of being held up, firms are more likely to adopt contracts or organizational forms such as
a. investments in reputation
b. mergers
c. exchange of "hostages"
d. All the above
d
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standard deck of playing cards has 52 cards with 13 cards in each of the four suits; hearts, diamonds, spades, and clubs. Each of the four suits has a king card. If a single card is drawn from a standard deck, what is the probability that the card will be a king?
A) 0.25 B) 0.077 C) 0.33 D) 0.019
Which of the following is a bank liability?
a. Required reserves. b. Excess reserves. c. Actual reserves. d. Checkable deposits. e. Loans.
When firms already in the industry produce under conditions of substantial economies of scale, the market is said to be contestable
Indicate whether the statement is true or false
One World View article is titled "Glaring Inequalities." Of the countries listed, the least inequality in the distribution of income is likely to occur in
A. South Africa. B. Japan. C. Botswana. D. United States.