What should affect the fundamental value of a stock according to the efficient markets hypothesis?
What will be an ideal response?
If new information leads investors to change their opinions about the risk, liquidity, information costs, or tax treatment of the returns from owning the stock, the fundamental price of the stock will change.
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The United States Mint is the only legal entity to produce circulating coinage for the United States. What are the barriers to entry, if any, that protect this firm from competition?
A) The United States Mint is a natural monopoly. B) The United States Mint has a government license to produce coinage. C) The United States Mint is a public franchise to produce coinage. D) The United States Mint has a patent or copyright to produce coinage.
The five forces model is a framework
a. For increasing buyer force in the market b. For improving competition in the industry c. For analyzing the attractiveness of an industry d. Of matching resources and capabilities of the firm