If a friend tells you that he is certain a stock price will rise based on information he heard on television or saw on the Internet, should you be skeptical? Explain
Yes, according to the efficient markets hypothesis stock prices reflect all publicly available information. It is likely that buyers and sellers of the stock have already seen the information, so it is already reflected in the price.
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It is less likely for oligopolists to maintain high prices in a repeated game than when the firms must choose one strategy to follow for the entire lifetime of the firm.
Answer the following statement true (T) or false (F)
The sum of the value added of every firm involved in producing all final goods and services ________ gross domestic product
A) equals B) is greater than C) is less than D) is sometimes greater than and other times less than
If a bank's return on equity remains constant, but the ratio of bank assets to bank capital decreases:
A. the bank must be unprofitable. B. the bank's return on assets must have increased. C. the bank's return on assets must have decreased. D. the bank's assets and capital must have increased by the same percent.
Those who favor changes in the market for health care that would make it more like the markets for other goods and services favor what are generally known as market-based reforms
Indicate whether the statement is true or false