Since crowd funding sites do not themselves invest in business start ups that raise funds on their sites, they don't reduce:
A) the principal-agent problem
B) information costs
C) transaction costs
D) asymmetric information
A
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When players are in direct competition with one another, playing a mixed strategy leads to more predictable results than playing a pure strategy
Indicate whether the statement is true or false
Why isn't the current yield a good indicator of holding a bond?
A) It doesn't account for the yield to maturity. B) It doesn't account for capital gains or losses. C) It doesn't account for the coupon. D) It assumes that the current price equals its par value.
A profit-maximizing perfectly competitive firm must decide:
A. only on which industry to join, taking price and output as fixed. B. both what price to charge and how much to produce. C. only on how much to produce, taking price as fixed. D. only on what price to charge, taking output as fixed.
Suppose a professor announces at the beginning of a course that he will give no failing grades because they are too damaging to self-esteem. How does such a policy affect equality and efficiency?
What will be an ideal response?