The features of the M-Form of firm organization are
a. divisions have difficulty responding to market changes
b. it is easier to maintain customer relationships
c. coordination across divisions is simple and does not take much management time
d. evaluating employees is easier because managers typically are similarly trained
b
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A(n) _____ perceives the demand for its own output as horizontal at the market price, so it can produce as much or as little as it wants without affecting that price
a. oligopolist b. monopsonist c. monopolist d. perfect competitor
Answer the following statement true (T) or false (F)
1) Proposed ergonomics regulations are an example of industrial regulation (rather than social regulation). 2) Tying agreements are contracts by which retailers agree to charge the prices that manufacturers set on branded goods. 3) The Celler-Kefauver Act outlawed interlocking directorates. 4) The regulation of natural monopolies has been criticized because it creates a tendency for regulated firms to use too much labor and too little capital in the production process.