The _____ keeps decisions at the divisional level that would be sent to headquarters in a _____

A natural monopoly's average cost curve i. intersects the demand curve while the average cost curve slopes downward

ii. reaches its minimum before it intersects the demand curve. iii. intersects the demand curve below the intersection of the marginal cost curve and the demand curve. A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii

The problem of "asymmetric information" is that the

A) lender knows more than the borrower. B) borrower knows more than the lender. C) borrower and lender have different goals. D) borrower and lender know the future much less than they do the present.