Which of the following is a reason why firms can be more efficient than markets as coordinators of economic activity?
A) economies of scale and scope
B) higher transactions charges
C) elimination of the principal-agent problem
D) all of the above
A
Economics
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Which of the following is most likely to be a major source of growth in per capita GDP?
a. a high investment/GDP ratio b. a high rate of inflation c. rapid population growth d. rapid growth in the money supply
Economics
In the United States:
A. taxes decrease, but transfers increase, income inequality. B. taxes increase, but transfers reduce, income inequality. C. both taxes and transfers decrease income inequality. D. both taxes and transfers increase income inequality.
Economics