In the 1945 Alcoa antitrust case, the Court found ALCOA:
a. not guilty of violating the Sherman Antitrust Act because it was a good monopoly.
b. did not have a good reason for having a large market share, so found it guilty.
c. guilty because its firm size was a per se violation of antitrust laws.
d. not guilty because it did not engage in any illegal or unfair acts.
e. was no threat to industrial democracy.
c
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A two-period project has the following probabilities and cash flows:
Probability Cash flow Period 1: .25 500 .50 600 .25 700 Period 2: .30 300 .50 500 .20 700 The discount rate is 7%, and the initial investment is $1,000. How much is the expected NPV of this project?