A typical involves a campaign among competing groups for the right to cast shareholders' votes on their behalf in elections for a focal firm's board directors

An individual investor has either sufficient wealth or sufficient borrowing capacity to purchase or sell a substantial proportion of a given firm's securities, so that investor's trades may affect the market value of these securities

This is an example of the violation of which of the assumptions of an ideal capital market? a. Capital Markets are frictionless b. Homogeneous expectations c. Atomistic competition d. The firm has a fixed investment program e. Once chosen, the firm's financing is fixed

Which of the following would most likely trigger a gray market?

A) a firm has large price differences among different markets B) a firm prices its products almost equally in all markets C) products are illegal in one market but legal in another D) products are closely regulated by the government