23.If the main objective of a cooperative is to minimize its net price, it will produce and sell quantity that corresponds to the minimum point of the

A.marginal cost curve

B.marginal revenue curve

C.average revenue curve

D.average total cost curve

24.ransaction cost economics advocates that the firm is conceived as

A.Objective function

B.Form of organization

C.Governance structure

D.Production function

25.The agency relationship is defined as a contract under which one or more persons (principals)

A.Perform services on their own behalf

B.Have the same interest as their agents

C.Constantly monitor their agents

D.Engage agents to perform services on their behalf