The firm becomes the dominant organization type whenever
a. markets exist
b. markets don't exist
c. the net value of centralized, organized production exceeds the net value of market-arranged production
d. the net value of market-arranged production exceeds the net value of centralized, organized production
e. private enterprise eliminates shirking
C
You might also like to view...
Business inventories tend to fall after an unexpected increase in aggregate demand
a. True b. False Indicate whether the statement is true or false
One way the government can introduce competition into a monopoly industry is to:
A. split it vertically. B. break up the company along different stages of the production process. C. split it horizontally. D. All of these statements are true.
Refer to Table 1-6. Using marginal analysis, how many hours should Ivan extend his hours of operations?
A) 2 hours B) 3 hours C) 4 hours D) 5 hours E) 6 hours
Which of the following is not a basic tenet of economic liberalism?
a. self-interest b. free trade c. competition d. government regulation