When a large shareholder or a group solicits vote for a slate of directors that it has proposed as an alternative to candidates endorsed by the current board, a(n) _____ takes place

Which of the following statements is INCORRECT regarding the model for information products?

A) Average total costs slope downward, because average variable cost is constant, average fixed cost slopes downward. B) The firm maximizes profit by setting the price of its product equal to marginal cost. C) Marginal cost equals average variable cost. D) In the long run, accounting profit is positive.

In a market-based economy, what is the role of a system of prices?

A. To create abundance and surpluses B. To make goods and services too expensive. C. To address the problem of scarcity D. To create shortages