The collapse of Enron Corporation is a reminder of the importance of ________

Economies of scale in information production are enjoyed by

A) small borrowers. B) small lenders. C) large borrowers. D) large lenders.

Inelastic demand implies

A) that a one percent increase in price results in a smaller than one percent decrease in quantity demanded. B) that a one percent increase in price results in a larger than one percent decrease in quantity demanded. C) that a one percent cut in price results in a larger than one percent increase in quantity demanded. D) that a one percent decrease or increase in price induces no change in total revenue.