Several companies are working together to create a product, and their efforts to coordinate have provided an increase in value, which in turn has provided each of these companies with a competitive advantage over those who produce a similar product. This is an example of .
Answers: 2
Business, 21.06.2019 20:50, Unkn0wn3815
Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.
Answers: 3
Business, 22.06.2019 09:00, aubreyfoster
What should a food worker use to retrieve ice from an ice machine?
Answers: 1
Business, 22.06.2019 19:40, apodoltsev2021
Aprimary advantage of organizing economic activity within firms is thea. ability to coordinate highly complex tasks to allow for specialized division of labor. b. low administrative costs because of reduced bureaucracy. c. eradication of the principal-agent problem. d. high-powered incentive to work as salaried employees for an existing firm.
Answers: 1
Several companies are working together to create a product, and their efforts to coordinate have pro...
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