BS 8 Contracting Costs--Key - 2 A certain company holds a...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
201 Contracting Costs in Markets BS 8 Contracting Costs--Key a. search or information cost b. bargaining or decision cost c. policing or enforcing cost – contract/lawsuit d. opportunity cost 1. A sorority at the U of I is planning philanthropy to raise money for the Crisis Nursery in Urbana. Three women were given the task of investigating two possible fundraisers and making a recommendation to the whole sorority. The time that these women spend on their task is a e. search or information cost f. bargaining or decision cost g. policing or enforcing cost h. opportunity cost i. none of the above
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2. A certain company holds a patent for a particular business process. The company licenses the right to use this process to other businesses. Routinely the company enters lawsuits against companies who are using the process without paying a fee. What cost of contracting do these lawsuits represent? a. search costs b. information costs c. decision costs d. enforcing costs e. none of the above 3. Which of the following occurs before a contract is made? a. Information costs b. Policing costs c. Enforcing costs d. Opportunity costs e. None of the above...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern