When is centralization of decision-making desirable?
Centralization of decision-making is desirable when the organization has various sources of information who are incapable of analyzing it because they lack decision-making skills or the tools to analyze the information.
Economics
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A monopolistic competitor earns zero economic profits if ________
A) price is higher than average total cost B) price is lower than marginal cost C) price is equal to marginal cost D) price is equal to average total cost
Economics
Explain what is meant by market failure
What will be an ideal response?
Economics