One of the Reasons That a Firm Can Be ________

question 360

Multiple Choice

One of the reasons that a firm can be ________ efficient than a market is that the firm ________.

• A) more; does not have any economies of scale
• B) more; lowers transactions costs
• C) less; has economies of scope
• D) less; produces lower profits

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Definitions:

Performance

Performance refers to the act of carrying out a task or conducting an activity, often measured against known standards of accuracy, completeness, and speed.

Extrinsic Motivation

A desire to perform an activity to achieve an external goal that activity is directed toward.

Self-efficacy

An individual's belief in their own ability to complete tasks and achieve goals.

Intrinsic Motivation

A desire to perform an activity because of the value or pleasure associated with that activity, rather than for an apparent external goal or purpose.