The fundamental goal of a business is to maximize the retained earnings available to the

Phil believes that the dealership should lower car prices to capture a higher share of the market. Which statement best supports Phil's argument?

A) Short-term profits will not be affected by lower prices if a firm is an e-retailer. B) Competitors will lower prices to gain market share, and a price war will ensue. C) Firms with large market shares are publicly owned but less strictly monitored. D) A temporary reduction in profits could lead to long-term future profits because of greater market share. E) A company with the largest share of the market can cut costs and raise prices without the public noticing or switching to competitors.

The name of Roger Toussaint is associated with

a. subway and bus rides. b. General Motors. c. professional football. d. None of the above.