A firm that buys inputs from outside sources is said to ________
a. vertically integrate
b. outsource
c. create economies of scope
d. create hidden characteristics
b
Economics
You might also like to view...
Which one of the following is not considered a financial intermediary?
A) a pension fund B) an insurance company C) a credit counselor D) a bank
Economics
The marginal product of labor indicates ________. Therefore the MPL curve is also ________
A) the quantity of labor supplied for a given wage; the equilibrium price of labor B) the quantity of labor demanded for a given wage; the equilibrium price of labor C) the quantity of labor demanded for a given wage; the demand curve of labor D) the quantity of labor supplied for a given wage; the supply curve of labor E) none of the above
Economics