The period from 1977 through 1989 saw a wave of corporate mergers in the U.S. These mergers were characterized by
a. the use of junk bonds for financing buyouts.
b. the low debt-to-equity ratios of the resulting firms.
c. resulting firms that focused on "core competencies" rather than diversification.
d. a "buyers' market" in which acquiring firms could purchase the stock of takeover targets for less than market value.
e. All of the above.
a. the use of junk bonds for financing buyouts.
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A) larger; more B) larger; less C) smaller; more D) smaller; less
The monopolist should NEVER produce in the
A) elastic segment of its demand curve because it can increase total revenue and reduce total cost by lowering price. B) inelastic segment of its demand curve because further lowering of the price reduces total revenue. C) range of output for which the price elasticity of demand is infinity. D) range of output for which there is a price elasticity exceeding one.
An open economy produces most of the goods and services that it needs, with few imports and exports.
Answer the following statement true (T) or false (F)
Jimmy's utility of wealth schedule is given in the table above. Jimmy has a job with a one-third chance of earning $200 and a two-thirds chance of earnings $400. Jimmy's cost of risk is
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