Fred Monroe is a fisherman in the perfectly competitive fish industry in northern Minnesota. After years of experience, he knows that the demand curve for the fish he sells is

In the above figure, curve b shows the

A) bottles of soda that people are willing to forgo to get another bicycle. B) bottles of soda that people must forgo to get another bicycle. C) benefits of producing more bicycles is greater than the benefits of producing more soda. D) benefits of producing more soda is greater than the benefits of producing more bicycles.

Market risk is:

a. The chance that financial assets cannot be sold quickly and without substantial loss of value. b. The chance of a change in the market value of a security due to changes in macroeconomic variables, such as interest rates or exchange rates. c. The risk that credit cannot be expanded by the banking system due to a central bank regulation. d. The chance that borrowers will be unable or unwilling to repay their debts.