"Market failure" is likely to occur when _______.
A. there is only a small number of firms in a market
B. it is extremely difficult to directly measure the quality of products
C. potential exchange partners are highly opportunistic
D. all of the above
Ans: D. all of the above
Business
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Hinge Manufacturing's cost of goods sold is $420,000 variable and $240,000 fixed. The company's selling and administrative expenses are $300,000 variable and $360,000 fixed. If the company's sales is $1,480,000, what is its contribution margin?
a. $160,000 b. $760,000 c. $820,000 d. $880,000
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Communicating across cultures often leads people to be more conscious about their own communication
Indicate whether this statement is true or false.
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