If a firm does not maximize value
A) it has not focused on what is important.
B) it will shift its focus to market share.
C) it will shutdown.
D) it has paid too much in taxes.
C
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Explain what would happen to the equilibrium price and quantity of oranges if the supply of oranges increased while the demand for oranges decreased
What will be an ideal response?
Which of the following is most likely to exert the bargaining power of a buyer?
A) Barnes and Noble purchases books from publishers for sale in its online stores. B) Cowgirl Creamery, a small cheese producer, seeks a dairy farm for its organic milk supplies. C) Wal-Mart, the world's largest discount store, seeks vendors to supply products made exclusively for its stores. D) Ground beef producers seek to purchase cattle from ranchers.
Investors value liquidity in an asset because
A) liquid assets tend to have high rates of return. B) liquid assets incur lower selling costs. C) liquid assets incur lower tax liabilities. D) whereas liquid assets have high information costs, their low risk offsets this.
The demand curve facing a monopolist is
A. horizontal at the market price. B. identical to the market demand curve for the good. C. exactly twice as steep as the market demand curve for the good. D. vertical because there are no competitors.