LEHET is the degree of responsiveness of demand to changes in the price of the commodity in question (e. own price), prices of related goods (cross price) and the income of consumers.​

Aprimary advantage of organizing economic activity within firms is thea. ability to coordinate highly complex tasks to allow for specialized division of labor. b. low administrative costs because of reduced bureaucracy. c. eradication of the principal-agent problem. d. high-powered incentive to work as salaried employees for an existing firm.