A financial asset is considered a security if
A) the owner of the security receives dividends and realizes a capital gain when the asset is sold.
B) it can be sold in a secondary market.
C) its value increases after it is sold in a primary market.
D) its value is secure; that is, the owner will not suffer a financial loss when the asset is sold.
Answer: B
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Demand for a good is likely to be less elastic
a. the more narrowly defined the good is b. the larger the good's share of the buyer's budget c. in the long run than in the short run d. the smaller the number of substitute goods available e. at high prices
In general, monopolies decrease economic efficiency. But in the presence of detrimental externalities, is it possible for a monopoly to be more efficient than a competitive market? Why, or why not?
What will be an ideal response?