Axis Group has a publishing house, operates in the sports gear market, and owns a coffee plantation. A board of directors is responsible for the overall performance of the group. Identify the correct statement from the following
a. The board will be responsible for all decision-making process.
b. The board will be in the best position to solve even a minor problem at the coffee plantation.
c. The sports gear firm's risk assessment team will also be responsible for assessing market risk for the group's other functional areas.
d. Decisions for the publishing house are likely to be taken by the individuals who head it, rather than the board of directors heading the entire group.
D
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Is a monopolistically competitive firm allocatively efficient?
A) No, because it does not produce at minimum average total cost. B) Yes, because price equals average total cost. C) No, because price is greater than marginal cost. D) Yes, because it produces where marginal cost equals marginal revenue.
The economy is in short-run equilibrium
A) at any point on the IS curve. B) only at the natural level of GDP. C) at any point on the LM curve. D) only at a point that is on both the IS and LM curves.