In a corporation, what are "inside directors" and "outside directors"?
What will be an ideal response?
Inside directors are members of management who serve on the board of directors of the corporation. Outside directors are members of the board of directors of the corporation who do not have a direct management role in the corporation.
Economics
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When a firm's long-run average cost curve is horizontal for a range of output, then that range of production displays
A) constant average fixed costs. B) decreasing returns to scale. C) increasing returns to scale. D) constant returns to scale.
Economics
Nonexcludability generates a problem because individuals have an incentive to_____
a. free ride b. profit c. fight d. steal
Economics