On a secondary stock market, such as the New York Stock Exchange,
a. firms sell new issues of stock
b. firms make initial public offerings
c. previously issued bonds are sold and resold
d. previously issued shares of corporations are sold and resold
e. firms sell newly issued bonds
D
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Carefully define the two categories of saving in the economy
What will be an ideal response?
Which of the following statements regarding a price-taking firm is correct?
A) Demand = average revenue > marginal revenue. B) Demand = marginal revenue > average revenue. C) Demand = price = average revenue = marginal revenue. D) Demand = price > average revenue > marginal revenue.
Industry X comprises only very few large firms engaged in stiff competition with each other. Industry X can best be described as
A) pure competition. B) monopolistic competition. C) pure monopoly. D) oligopoly.
A parent company rewarding managers on profit centers can simply
a. Subtract division costs from the division revenue and reward the manager on the difference b. Add the division costs to the division revenue and reward the manager on the sum c. Reward the manager on the revenue of the division d. Reward the manager on the costs of the division