When a company’s stock is owned by thousands of individuals,
A. management will be very independent.
B. management will be lacking.
C. individuals will band together to socialize the firm.
D. management will be prevented by government from taking any risks.
Answer: A
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A) each player has a dominant strategy B) none of the players has a dominant strategy C) each player can increase his payoff by choosing a different strategy D) none of the players can increase their payoffs by choosing a different strategy
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