Barriers to entry are
a. not too difficult to overcome in a monopoly market structure
b. very high in a perfectly competitive market structure
c. nonexistent in an oligopoly market structure
d. not too difficult to overcome in a monopolistically competitive industry structure
e. nonexistent in a monopoly market structure
D
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The real GDP in a nation has just increased from $2 billion to $2.1 billion
A) This country has experienced economic growth because there is a $.1 billion increase in real GDP. B) We do not know if this country experienced economic growth since the increase in the population was not given. C) We do not know if this country experienced economic growth since information on nominal GDP was not given. D) This country did not experience economic growth since $.1 billion is not a large number.
Compute the expected return, standard deviation, and value at risk for each of the following investments:Investment (A): Pays $800 three-fourths of the time and a $1,200 loss otherwise.Investment (B): Pays $1,000 loss half of the time and a $1,600 gain otherwise.State which investment will be preferred by each of the following investors, and explain why.(i) a risk-neutral investor(ii) an investor who seeks to avoid the worst-case scenario.(iii) a risk-averse investor.
What will be an ideal response?