According to Coase,the Optimal Allocation of Resources Is Guided by _____

question 95

Multiple Choice

According to Coase,the optimal allocation of resources is guided by _____

• A)the decisions of a firm's managers if the good or service is produced in a perfectly competitive environment.
• B)market prices when market transaction costs are greater than the firm's internal organization costs.
• C)the decisions of a firm's managers when market transaction costs are greater than the firm's internal organization costs.
• D)the decisions of a firm's managers when market transaction costs are less than the firm's internal organization costs.
• E)entrepreneurs when the costs of negotiating contracts with resource suppliers are low.

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Definitions:

Self-Report Measures

Assessment tools where individuals provide subjective reports on their own behaviors, attitudes, or feelings, commonly used in psychological and social research.

Heart-Rate

The speed of the heartbeat, typically expressed in beats per minute (bpm), which can vary based on factors like activity level, stress, health condition, and environmental conditions.

Intensity of Feelings

The degree of strength or depth of emotions that an individual experiences.

Bogus Pipeline Technique

A psychological experimental technique designed to elicit truthful responses by convincing participants their true attitudes are being measured via a fake polygraph test.