Neutrino Industries stock trades at $49 per share and there are 120 million shares outstanding. The management would like to raise $400 million in an SEO. If the underwriter charges 6% of gross proceeds, how many shares must it sell?

__________ relationships: Exist when top management centralizes an activity to which large number of other units must gain access (e.g. technology services, libraries, clerical staff)

Fill in the blank(s) with the appropriate word(s).

__________ is characterized by a large number of firms selling products that appear to be identical.

A. Oligopoly B. Monopolistic competition C. Perfect competition D. Microeconomic competition