Mediocrité, inc., makes and sells goods that are substandard. nancy, who has never bought or used a mediocrité item, files a suit against the firm, alleging that its products are defective. the company’s best ground for dismissal of the suit is that nancy does not have: a) certiorari. b) jurisdiction. c) standing. d) sufficient minimum contacts.

Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.