Business Economics is concerned with the nature, scope a functioning of business enterprises. It covers such issues as the exploration of business strategic behaviour a the importance of organizational structure.The same problem may arise in any market in which distinguishing between good and bad quality is difficult. The second hand car market may suffer from adverse selection, according to Akerlof (1970). Owners of second hand cars are betteranbsp;...
|Publisher||:||Cengage Learning EMEA - 2000|