Oyster fields has an average payment period of 21 days as compared to its industry average of 33 days. suppliers in the industry have a 30-day credit policy. which one of these statements most applies to oyster fields? 1. oyster fields should increase its accounts payable turnover rate if it wants to match its industry. 2. oyster fields has a greater risk of being denied credit by its suppliers than do other firms in its industry 3. oyster fields is managing its accounts payable better than the average firm in its industry. 4. oyster fields is not maximizing its use of free financing.

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells. b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities. c. two superpowers decide whether to build new weapons or to disarm. d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society