Rational buyers and sellers use their assessment of an asset's risk and return to determine its value. Relative to this concept, which of the following is true?
A) To a buyer the asset's value represents the minimum price that he or she would pay to acquire it.
B) To a seller the asset's value represents the maximum sale price.
C) To a buyer the asset's value represents the maximum price that he or she would pay to acquire it.
D) To a seller the asset's value represents the price at which he acquired the asset.
C
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Dumping involves foreign producers:
A. attempting hostile takeovers of domestic firms and usurping the available resources for production. B. indiscriminately exploiting the natural resources of a foreign country to create a later demand that can be met only by imports. C. eliminating competition by subsidizing prices in a foreign market with home market profits and eventually raising prices to earn substantial profits. D. capturing the niche market rather than the masses. E. exporting only a small quantity of their products into an importing country.
What are the two ways in which a firm may increase its horizontal scope?
What will be an ideal response?