A call option gives the owner the
A) right to sell the underlying security.
B) obligation to sell the underlying security.
C) right to buy the underlying security.
D) obligation to buy the underlying security.
C
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Demand is a schedule that shows
A) a set of possible prices for a good and the quantities of the good that will be purchased at each of those prices. B) how much income it takes to afford various quantities of a good. C) the relationship between the cost of producing a good and the price that sellers will charge. D) how population changes will affect the amount of a good that is needed.
The more block prices a monopoly can set instead of setting a single price,
A) the smaller the deadweight loss. B) the more producer surplus. C) the larger the total welfare. D) All of the above.