Which of the following "shareholder rights" plan when implemented provides all shareholders other than outsiders the right to purchase additional shares at a discount?
a. A flip-in poison pill
b. A "crown jewels" defense
c. A "white knight" bid
d. A de-conglomeration
A
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The slope of the linear consumption function represents induced consumption expenditures
Indicate whether the statement is true or false
Demand tends to be ________ in the short run than in the long run.
A. less important B. more elastic C. more variable D. less elastic
How do you know that firms benefit society?
A. Entrepreneurs start businesses. B. Customers voluntarily pay for their products. C. Firms pay taxes and employ people. D. Firms earn profits and produce goods.
When a local casino spends millions in TV ads convincing town residents to reject another casino's bid to operate in the area, the most that the casino would be willing to spend is:
A. the producer surplus gained by being a monopoly. B. the consumer surplus gained by being a monopoly. C. deadweight loss. D. total economic surplus.