The fact that U.S. managers\' salaries are about four times higher than those of

Question

The fact that U.S. managers' salaries are about four times higher than those of comparable managers in Japan where banks control firms more closely is likely:
A. an example of the monitoring problem in the United States.
B. an example of X-inefficiency in Japan.
C. due to the fact that the U.S. economy is much less competitive.
D. due to the fact that there are more natural monopolies in the United States.


Suppose a lazy monopolist's fixed costs are higher than the fixed costs of an efficient monopolist. In all other respects the monopolists are the same. Which of the following statements about this lazy monopolist is true?
A. It charges a higher price than the monopolist producing efficiently.
B. It charges a lower price than the monopolist producing efficiently.
C. It produces fewer goods than the monopolist producing efficiently.
D. It set price and quantity the same as the monopolist producing efficiently.

Explanation / Answer

1. Due the the fact that the japan is much more competitive market then united states the answer to the question is C 2. D

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.