a) "C"
As there is scarcity everywhere people think for the best option for themselves, this makes the market efficient.
b) "C"
It is due to the free rider problem.
c) "C"
It is a natural monopoly firm.
Which of these is a metaphor for the invisible hand theory? O A movie without a...
#7 #13-15 #16 #22 #26 please O Resources have higher costs in the short run than in the long run. . In the short run, at least one resource is foed in the long run, all resources are variable There are diminishing returns in the short run, but increasing returns in the long run. In the long run all resources are variable in the short run all resources are fred rrect Question 7 0/2 pts Economies of scale may arise...
Please use own words. Thank you. CASE QUESTIONS AND DISCUSSION > Analyze and discuss the questions listed below in specific detail. A minimum of 4 pages is required; ensure that you answer all questions completely Case Questions Who are the main players (name and position)? What business (es) and industry or industries is the company in? What are the issues and problems facing the company? (Sort them by importance and urgency.) What are the characteristics of the environment in which...