If two firms expect to be in the market together for a long time, the benefit of underpricing will be large relative to the cost.

Why are forward contracts typically illiquid?

What will be an ideal response?

What did Malthus say about population growth?

A) Population growth is the key to a nation's economic growth. B) Population growth is not a problem if food production keeps up, and Malthus predicted that it would. C) Population growth is a huge problem if housing and medical care don't also increase. D) The population would grow faster than food supplies, which would be a recipe for disaster.