Refer to the below graph. If the Lorenz curve shifted from (d) to (b), then the Gini ratio and the degree of income inequality would:

Firms that anticipate hold-up, choose organizational or contractual forms

a. that give both parties the incentive to make relationship-specific investments b. that give both parties the incentive to exploit each other's positions c. that gives both parties an incentive to trade, even after the relationship-specific investments have been made d. Both A&C

A good is nonexcludable if no externalities, either negative or positive, are associated with its production or consumption.

Answer the following statement true (T) or false (F)