Social purposes served by firms

I have a problem in economics on Social purposes served by firms. Please help me in the following question. The broad social purposes served by the firms do not comprise: (1) Coordination of team production. (2) Maximization of the stockholder gains. (3) Reduction of the transaction costs. (4) Exploitation of the economies of scale and scope. (5) Growth of new products and more proficient production methodologies.

What is the most precise answer from the above.

View Complete Question

Related Questions in Microeconomics

Q : Effects of Imperfect information

Imperfect information at times causes consumer’s attempts to make best use of their satisfaction to fail since: (1) Expectations are imperfectly realized and trial-and-error patterns can lead to the mistakes. (2) Sellers might misrepresent the c

Q : Welfare from Poor to Rich “ Welfare by

“Welfare by the poor to the rich” is best illustrated when: (1) an l8 year old dishwasher pays Social Security taxes to give payments to a 67 year old retired vice president of General Motors. (2) federal highway funds are diverted to a ma

Q : Problem on Supply Prices Can someone

Can someone please help me in finding out the accurate answer from the following question. The relative monetary values organizations put on selling a bit more or less of a good are termed as: (i) Supply curves. (ii) Gain-maximizing prices. (3) Supply prices. (4) Pric

Q : Econ Give the answer of following

Give the answer of following question. In the quintile distribution of income, the term "quintile" represents: A) 5 percent of the income receivers. B) 10 percent of the income receivers. C) 20 percent of the income receivers. D) 25 percent of the income receivers.

Q : Increase in Income Tax Progressivity

When this figure demonstrated Lorenz curves for distribution of income after taxes and transfers, in that case it is UNTRUE of the Lorenz curves demonstrated in this demonstrated figure that: (1) line 0E0' represents a Lorenz curve of

Q : When would transaction cost be zero All

All transaction costs would be zero when: (1) Congress required current prices to be cut by eighteen percent. (2) market information and transportation were both costless. (3) market prices were legally restricted to production costs. (4) inflation we

Discover Q & A

Leading Solution Library

Avail More Than 1449919 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1946631
Asked

3,689

Active Tutors

1449919

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment