Which of the following would be categorized as capital resources for a college or university?
a. water, trees, and the acreage a campus rests on
b. chalkboards, overhead projectors, and computers
c. exams, fuel oil (which heats the buildings), and electricity
d. the work effort of registrars, clerical assistants and teaching assistants
b
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Which of the following is an example of risk diversification?
A) an individual purchasing only IBM stock B) an insurance company writing earthquake insurance only for the Los Angeles area C) an individual investing all of her savings in a single, new firm D) a lumber mill purchasing trees from various forests across the western United States
In a sequential contestable market game
A) a small number of firms can behave like firms in perfect competition. B) the outcome is always a monopoly equilibrium. C) the dominant firm always makes a monopoly profit, while other firms make zero economic profits. D) a firm that enters the market first is protected from potential entrants by natural barriers.