Test 3 - Chapter 9 - The Entrepreneur and the Market Process
Firms exist because they minimize the cost to using the price mechanism, firms lower transactions costs (to hire employees, to enforce contracts, to negotiate prices), and because firms succeed where markets fail (due to collaborative’s result of corporate culture and collective knowledge).
École, étude et sujet
- Établissement
- Decision Making Economics
- Cours
- Decision Making Economics
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- Publié le
- 26 avril 2022
- Nombre de pages
- 3
- Écrit en
- 2013/2014
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- Examen
- Contient
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decision making economics
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decision making
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economics
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business
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business administration
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technology
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management
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entrepreneur
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market process
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market
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