Firms are least likely to use markets for:
A) specific inputs.
B) generic outputs.
C) specific outputs.
D) generic inputs.
Correct Answer:
Verified
Q41: In a one- person firm:
A)ability determines effort.
B)income
Q42: Asymmetric information and uncertainty:
A)are key for the
Q43: Ownership is equivalent to:
A)being the largest customer
Q44: Adam Smith's fundamental insight was that firms
Q45: Jack has one half of a $10,000
Q47: Examples of partnerships include:
A)small firms.
B)marriages but not
Q48: Corporations can be:
A)private or governmental.
B)private but not
Q49: There are three types of corporations:
A)public, private,
Q50: The internal organization of firms depends on:
A)owners'
Q51: Imagine two workers each expending a fixed
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