Under which circumstances does vertical integration become useful?
In situations where contracts are too costly to form or enforce, vertical integration that puts all of the relevant assets under the same control can be an efficient mode of governance.
Economics
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Rental income includes
A) the payment for the use of land. B) the payment for the use of all rented inputs. C) no income from rental housing because most houses are occupied by their owners. D) Both answers A and B are correct.
Economics
What are the two largest expenditure categories in the EU budget?
What will be an ideal response?
Economics