Spot Markets Are an INEFFICIENT Way for the Firm to Purchase

question 146

Multiple Choice

Spot markets are an INEFFICIENT way for the firm to purchase inputs if:

• A) opportunism is a problem.
• B) suppliers engage in hold-up.
• C) profit sharing is used to compensate managers.
• D) opportunism is a problem and suppliers engage in hold-up.

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Definitions:

Disagree Respectfully

The act of expressing a differing opinion or viewpoint in a manner that is considerate and maintains the dignity of all parties involved.

Criticized Unfairly

When feedback or negative comments are given without just or valid reasons.

Introduction Include

The initial section of a document, presentation, or speech that outlines the topic, purpose, and often the structure of the content to follow.

Three Parts

A reference to a structure or composition that is divided into three distinct sections or elements.