The features of the U-Form of firm organization are
a. workers have trouble developing a high degree of functional expertise
b. employees can easily share information across positions within a division
c. employee evaluation is hampered by managers having different skill sets than workers
d. coordination across divisions is simple and does not take much management time
b
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Fast Copy is a perfectly competitive firm. The figure above shows Fast Copy's cost curves. The current market price is 4 cents per page. With no change in demand and technology, in the long run, the price will
A) remain unchanged. B) rise to 5 cents per page. C) fall to 2 cents per page. D) fall to 1 cent per page.
If Firm X is a competitive firm in the market for labor, it has little influence over the wage it pays its employees
a. True b. False Indicate whether the statement is true or false