The Main Function of a Platform Firm Is to

question 29

Multiple Choice

The main function of a platform firm is to

• A) deal with the government on behalf of sellers.
• B) link producers with consumers.
• C) perform collective bargaining with sellers on behalf of buyers.
• D) create entry barriers for an industry on behalf of existing firms.

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Definitions:

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.

Indexation

The adjustment of income, benefits, or prices by a predetermined rate or index to account for inflation or other economic changes.

Employment Needs

The requirements of an organization for staffing, including the number and types of employees required to fulfill its objectives.

Crowdsourcing

The act of a company or institution taking a function once performed by employees and outsourcing it to an undefined (and generally large) network of people in the form of an open call.