A natural monopoly exists when one large firm can produce a product at a lower per unit cost than can smaller firms
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The present value of $300 received 5 years in the future would be calculated as which of the following when the interest rate is 5%?
A) 300/(1.5)5 B) 5.05/300 C) 300/(1.05)5 D) 300 × 1.5 × 5
Economics
The price of a financial asset should be equal to
A) the face value of the asset divided by the interest rate. B) the present value of payments to be received from owning that asset. C) the face value of the asset. D) the present value of the sum of the coupon payments and the interest rate.
Economics