Evidence in support of the efficient markets hypothesis includes
A) the failure of technical analysis to outperform the market.
B) the small-firm effect.
C) the January effect.
D) excessive volatility.
A
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The Telecommunications Act of 1996 brought financial well-being to telecommunications firms
Indicate whether the statement is true or false
In practice, oligopolistic markets are:
A. fairly common. B. very rare. C. forbidden by the government. D. usually protected by the government.
Economies of scope often occur because
A) a production facility can be used to produce more than one product. B) it forces firms to search for economies of scale. C) it enhances the ability to find market niches. D) managers are able to multi-task in product markets
It's logical, it's a rule of thumb, it's an economic guideline: As long as MR < MC, and the firm responds by decreasing the quantity it produces,
a. profit will equal zero b. profit will increase c. profit will decrease d. profit will remain unchanged e. the firm will minimize loss