The demand curve confronting a non-discriminating pure monopolist is:
A. Horizontal
B. The same as the industry's demand curve
C. More elastic than the demand curve confronting a competitive firm
D. Derived by vertically summing the individual demand curves for the buyers
B. The same as the industry's demand curve
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Short selling is the practice of borrowing stock then selling it with the expectation that its price will fall further so that it can be repurchased and the stock returned to the lender
The difference in the price sold initially and the price that it was subsequently purchased represents profits for short sellers. Discuss the risks taken by such individuals. What kind of risk profile do short sellers exhibit.
What are the arguments against the redistribution of income?
What will be an ideal response?