Patents are ________ barriers to entry and public franchises are ________ barriers to entry

If your research leads you to believe that the present value of a stock's dividend stream and future price is less than its price then you believe the stock is

a. overvalued so you should consider buying it. b. overvalued so you should not consider buying it. c. undervalued so you should consider buying it. d. undervalued so you should not consider buying it.

For a firm to be able to engage in price discrimination, it must

A) face a downward sloping demand curve. B) produce more than one product. C) have customers of different levels of wealth and age. D) have economies of scale.