Lottery winners who take the lump-sum payouts instead of payments spread out over many years:
A. believe the rate of return they could find in other financial assets is less than that implied in
the extended payout.
B. sacrifice free money and are making an economically irrational decision.
C. prefer immediate to delayed returns.
D. are only making a rational economic decision if there is rapid inflation.
C. prefer immediate to delayed returns.
Economics
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According to the Federal Trade Commission and Department of Justice HHI Rules, how concentrated is this market?
a. Not concentrated. b. Moderately concentrated. c. Concentrated. d. Highly concentrated.
Economics
Refer to Figure 13-3. Which of the points in the above graph are possible short-run equilibria?
A) A and D B) A and C C) A and B D) A, B, C, and D
Economics