Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506725
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Chapter 21, Problem 15CQ
To determine
The problem of shirking.
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What is price taker meaning?
Why is a normal profit considered an economic cost?
a.What does shirking (goofing off) mean for firms and why is it a problem?
b. What is the most effective method of reducing or eliminating shirking and why?
Chapter 21 Solutions
Economics: Private and Public Choice (MindTap Course List)
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