Which of the following addresses agency costs
a. advertising for employee positions in as many outlets as possible
b. hiring only from job fairs
c. instituting longer work days
d. replacing closed offices with cubical office spaces
d
Economics
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Continuing with the same vacation-insurance company from the preceding question, is there any vacation-day price that would both strictly increase the family's expected utility (compared to no insurance) and strictly increase the profits of the risk-neutral insurance company?
a. No. b. Yes, 3 or 4. c. Yes, 4. d. Yes, 4 or 5.
Economics
Collusion is:
A. legal in the United States. B. more likely in industries with a large number of firms. C. not possible when firms interact repeatedly forever. D. None of the answers is correct.
Economics