Refer to the figure above. If the supply curve for flash drives shifts from S1 to S2, with no change in the demand curve, the new competitive equilibrium price is:

For a natural monopoly, if price is set equal to marginal cost then the firm incurs an economic loss

Indicate whether the statement is true or false

Which legal claim comes with the most preferential treatment in the payment of dividends?

A) common stock B) preferred stock C) bond D) reinvestment