The corporate hierarchy is the most complex and over managed in
A. Japan.
B. South Korea.
C. France.
D. United States
D. United States
You might also like to view...
Government intervention in a perfectly competitive market
A) reduces economic well-being. B) is an illustration of the "invisible hand theorem." C) increases economic well-being. D) guarantees maximized well-being.
Economic regulation of business is justified if, by intervening, government can
a. improve the allocation of resources in society b. create economic rents for special interest groups c. reduce output and increase prices for an industry d. increase tax revenue from the regulated industry e. force firms to increase their costs of production
Which of the following is not a key feature of monopolistic competition?
a. Excess capacity b. A markup of price over marginal cost c. Positive economic profits for firms in the long run d. Differentiated products among firms in the market
Which of the following is a possible rationing device?
A) dollar price B) first-come-first-served C) brute force D) a and b E) a, b, and c