The slope of the budget line that expresses the tradeoff between risk and return for an asset can be represented by
A) (Rf - Rm)/?m.
B) (Rm - Rf)/?m.
C) Rm - Rf.
D) b.
B
Economics
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The major similarity between a monopolist and a monopolistically competitive firm is that:
a. both are price takers. b. both face a horizontal demand curve. c. both are the sole producers of a particular good. d. both face a negatively sloped demand curve. e. both are affected by the decision of their rivals.
Economics