The “lemons problem” exists because of
A: transactions costs
B: economies of scale
C: asymmetric information
D: rational expectations
A: transactions costs
B: economies of scale
C: asymmetric information
D: rational expectations
举一反三
- The "lemons problem" exists because of
- Countries trade with each other because they are _______ and because of ______ A: different, costs B: similar, scale economies C: different, scale economies D: similar, costs
- In the long run Firm A incurs total costs of $1,200 when output is 30 units and $1,600 when output is 40 units. Firm A exhibits_________. A: constant returns to scale because average total cost is constant as output rises B: diseconomies of scale because total cost is rising as output rises C: economies of scale because average total cost is falling as output rises D: diseconomies of scale because average total cost is rising as output rises
- It's called if a manafacturer achieves lower costs due to the enlarged production capacity of the whole industry. A: internal economies of scale B: externaleconomies of scale C: overlapping demand
- Financial intermediaries can substantially reduce transaction costs per dollar of transactions because their large size allows them to take advantage of _________