What would be an example of consumption good?
A) Antonio, the manager of the local Taco Hut, purchases a new deep fryer.
B) The local driver's license office purchases a new digital camera and printer.
C) Rhianna gets a haircut.
D) Jake buys an iPhone.
E) Donald Trump purchases furniture for his office.
D
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A ________ is an extensive -form representation of a game
A) payoff matrix B) game tree C) Nash equilibrium D) pure strategy
One problem with conflicts of interest is that they can reduce the ________ in financial markets, thereby increasing ________
A) quantity of information; financial institutions' profits B) quantity of information; asymmetric information C) quality of information; asymmetric information D) quality of information; financial institutions' profits
All these increase differentiation, except
a. Product branding b. Reducing quality c. Advertising d. Limiting availability
In profit centers
a. Managers are difficult to evaluate because there is no simple metric of how well they performed b. Managers typically have the necessary information to run their division efficiently c. Managers' decisions rarely affect other divisions d. Managers typically do not have the incentives to run their division efficiently