The efficient frontier:
A. represents all possible portfolios for a given level of risk.
B. separates unattainable portfolios from less than optimal portfolios.
C. is different for every investor.
D. More than one of the above
B. separates unattainable portfolios from less than optimal portfolios.
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Which of the following is not a reason to enforce norms?
A. To clarify role expectations. B. To create a written document of behavioral guidelines for new employees. C. To help the group survive. D. To emphasize the group's important values. E. To help individuals avoid embarrassing situations.
Future costs that differ across alternatives are relevant costs
Indicate whether the statement is true or false
The purpose of the ________ is to forbid certain actions that are likely to lessen competition, although no actual harm has yet occurred.
A. Clayton Act B. Lanham Act C. Federal Trade Commission Act D. Robinson-Patman Act E. Sherman Antitrust Act
An agent, at his principal's direction, fixes prices with the principal's competitors. The result is:
a. only the agent is criminally liable. b. only the principal is criminally liable. c. both the principal and agent are criminally liable. d. any liability would be civil only.