To Keep Employees from Shirking,invest in Greater Monitoring

question 1

Multiple Choice

To keep employees from shirking,invest in greater monitoring

• A)​when monitoring is expensive relative to its benefits
• B)especially when monitoring is not very efficient
• C)when employees respond well to incentive contracts
• D)​when incentives fail to solve either moral hazard and adverse selection problems with employees

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Definitions:

Market Shares

Describes the portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.

Laissez-faire Antitrust

An approach to antitrust policy that minimizes government intervention in the market, based on the belief that markets should regulate themselves.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, leading to a decrease in the per-unit cost as output increases.

Market Dominance

Market dominance refers to the situation where a company has a significant share of the total sales of a particular product or service, giving it substantial control over the market.