When you have equity in a company, it means you:
A. own part of a company and share in its profits.
B. have diversified the company's risk.
C. have diversified your risk by investing with a company.
D. own a portion of the debt obligations of a company.
A. own part of a company and share in its profits.
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The term monopolistic competition
a. is an alternate expression for monopoly b. is used to describe perfect competition with strong entry barriers c. denotes an industry with one seller of many differentiated products d. denotes an industry with many sellers of homogeneous products e. denotes an industry with many sellers of differentiated products
The assumption that firms attempt to maximize profits will yield good predictions even if firms sometimes pursue other goals
a. True b. False Indicate whether the statement is true or false