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:

Obsessive Compulsive Disorder

A mental health disorder characterized by obsessive thoughts and compulsive actions, such as cleaning, checking, or hoarding.

Dependent Personality Disorder

A psychological condition marked by an excessive need to be taken care of, leading to submissive and clinging behavior.

Conditioning Theories

Psychological theories that explain learning as a process of behavior change resulting from the individual's interaction with the environment.

Anxiety Disorders

Mental health conditions characterized by excessive fear or worry that interferes with daily activities.