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Question
______ occurs when one group of customers pays more and another group pays less than the cost of providing their service.
a) Deadweight loss
b) Free-riding
c) Moral hazard
d) Cross-subsidization
Answer
This answer is hidden. It contains 42 characters.
Related questions
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c) micropatronage
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TMX, a manufacturing company based in the U.S. decides to expand to emerging market countries in Africa. The company uses individualized incentives to motivate employees in its new branches but find that such incentive programs are not working. Which of the following is the most likely explanation for its failure?
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b) The demand side of corruption is high.
c) The collectivist culture of the country is hostile to such incentive programs.
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Emerging Markets
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b) persecution of religious minorities
c) the increasing economic inequities in the Chinese society
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a) mutual recognition
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a) interest group formation
b) legislation
c) administration
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a) competitors; customers
b) customers; suppliers
c) government; markets
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Nonmarket strategy is essential because in its absence competitors in the nonmarket environment will influence the outcome of issues and shape the rules of the game to their advantage.
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