Midwestern corporation issues bonds. Southern corporation issues stock. Which corporation used equity financing?
a. both Midwestern corporation and Southern corporation
b. Midwestern corporation but not Southern corporation
c. Southern corporation but not Midwestern corporation
d. neither Midwestern nor Southern corporation
c
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Special-interest groups, such as the pharmaceutical lobby, often get what they demand because
a. politicians are rationally ignorant b. voters are rationally ignorant c. they engage in logrolling d. they represent the median voter e. none of the above
If a firm in a monopolistically competitive market has a demand curve shifting to the right, it could be that:
A. the selling price is less than the average total cost of the firm. B. firms are leaving the market. C. negative economic profits are being earned. D. All of these statements are true.