A claim on the net income and assets of a corporation is called:
a. an annuity.
b. an initial public offering or IPO.
c. a share of corporate stock.
d. a dividend.
c
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Which characteristic is associated with monopolistic competition?
A) collusion B) product differentiation C) small number of firms D) awareness of rival firms in the market
A limit on special-interest contributions to national political campaigns
a. would give challengers an edge over incumbents b. is usually supported by special-interest groups as a way of saving money c. would involve widespread costs and concentrated benefits d. would reduce the extent of rent seeking e. is an example of competing-interest legislation
A price floor set above the equilibrium price causes quantity supplied to exceed quantity demanded
a. True b. False Indicate whether the statement is true or false
The market demand for a monopoly firm is estimated to be:Qd = 100,000 - 500P + 2M + 500PRwhere Qd is quantity demanded, P is price, M is income, and PR is the price of a related good. The manager has forecasted the values of M and PR will be $50,000 and $20, respectively, in 2016. For 2016, the marginal revenue function is
A. MR = 290 - 0.002Q. B. MR = 580 - 0.001Q. C. MR = 600 - 0.004Q. D. MR = 290 - 0.5P. E. none of the above