Bundle: Managerial Economics, 4th + Mindtap Economics, 1 Term (6 Months) Access Code
Bundle: Managerial Economics, 4th + Mindtap Economics, 1 Term (6 Months) Access Code
4th Edition
ISBN: 9781305618572
Author: Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher: Cengage Learning
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Chapter 16, Problem 1MC
To determine

Credible.

Expert Solution & Answer
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Explanation of Solution

The tools of threat or commitment are effective as long as a person believes the other person. Thus, option ‘c’ is correct.

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