What are the main reasons why firms can often coordinate production at a lower cost than markets

Question:

What are the main reasons why firms can often coordinate production at a lower cost than markets can?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

See More Books

Question Posted: Dec 15, 2015 07:12 AM

See More Questions

What are the main reasons why women frequently invested less in-on-the-job training than men? What changed this tendency?* What government or employer policies would be likely to accelerate this...
List the main reasons why firms repurchase shares.
What are the main reasons for the recent popularity of data mining?
What type of isomers are exhibited by [Fe(en) 3 ]Cl 2 (en = ethane-1,2-diamine)? no isomers are possible. cis and trans isomers fac and mer isomers optical isomers
Refer to the Naval Oceanography Portal data on number of minutes of daylight per day in Sharon, PA, Exercise. An estimate of the mean number of minutes of daylight per day was obtained using data...
Find I1 and I2 in the circuit of Fig. 13.90. Calculate the power absorbed by the 4- Î© resistor. 112 5 3630 Vi, 12) 452 2
A stock price is governed by geometric Brownian motion with $\mu=.20$ and $\sigma=.40$. The initial price is $S(0)=1$. Evaluate the four quantities E[In S(1)], E[S(1)], stdev[In S(1)]...
Assume a stock has a value of $100. The stock is expected to pay a dividend of $2 per share at year-end. An at-the-money European-style put option with one-year maturity sells for $7. If the annual...
12.45% 45 Giggle Inc. stock has an expected dividend (D1) of $1.75. The growth rate in dividends (g) is 3.5% and the required return is 12%. What is the price of this stock? CALCO
Schumann Shoe Manufacturer is considering whether or not to refund a $70 million, 10% coupon, 30-year bond issue that was sold 8 years ago. It is amortizing $4.5 million of flotation costs on the 10%...
What determines whether a firm or markets coordinate production?
What are the four market types? Explain the distinguishing characteristics of each.
A positive z score means the score is ____ the mean; a negative z score means the score is ____ the mean.
A spherical balloon that has a diameter of $0.500 \mathrm{~m}$ and contains $1.00 \mathrm{~mol}$ of helium gas is left in the Sun for $10.0 \mathrm{~min}$. During that interval, the Sun...
In how many ways can you distribute 10 indistinguishable energy units over 14 distinguishable particles?
A box divided into four quadrants can hold a maximum of 30 particles in each quadrant. (a) If 114 particles are placed in the box, how many basic states and macrostates are possible, if the...
Judy Smith was just dumped by her boyfriend of five years, Stephen Myers. Stephen has found a new woman in his life and is about to take her on a sevenday Caribbean cruise. Judy is distraught at the...
A space probe measures the number density of particles of interstellar gas by enclosing $1.00 \mathrm{~m}^{3}$ of space and measuring the number of atoms that pass from that volume through a...
Use the same-derivative argument, as was done to prove the Product and Power Rules for logarithms, to prove the Quotient Rule property.
The overall reaction and equilibrium constant value for a hydrogenoxygen fuel cell at 298 K is 2H 2 (g) + O 2 (g) 2H 2 O(l) K = 1.28 10 83 a. Calculate E cell and G 8 at 298 K for the fuel cell...
The table shows the prices that Terry paid for some of his expenditures in June and July 2016. Explain and discuss why these prices might have led to commodity substitution or outlet substitution....
Label each entry in the list as dealing with a microeconomic topic or a macroeconomic topic. Explain your answer.
Label each entry in the list as dealing with a microeconomic topic or a macroeconomic topic. Explain your answer.
CollegePak Company produced and sold 76,000 backpacks during the year just ended at an average price of $36 per unit. Variable manufacturing costs were $15.00 per unit, and variable marketing costs...
What is Doubly Linked List in Data Structure ? and Implements the Doubly Linked List in Java with all operation like insert at front and back,delete at front and back ,search ,size and display.
Could you elucidate the process of normalizing a database schema, delineating the various normal forms such as 1NF, 2NF, and 3NF, and elucidating their significance in optimizing database design ?

What are the main reasons why firms can often coordinate production at a lower cost than markets

Question:

Step by Step Answer:

To conclude I can say that firms can often coordinat...View the full answer

Microeconomics

Students also viewed these Economics questions