What is the maximum value the HHI can take on?

Which of the following would not be considered a fixed cost for a law firm?

a. paper for the photocopy machine b. property taxes c. insurance premiums d. license fees e. interest on loans

In parts of Eastern Europe, companies maintain special guards to protect payday funds, to help move products to market, and to enforce immediate payment for products sold to retailers. All of these features indicate:

A. that property rights are respected and transaction costs are high. B. that property rights are weak and transaction costs are high. C. that property rights are respected and transaction costs are low. D. that property rights are weak and transaction costs are low.