The arrival of inexpensive information technology, such as personal computers and inexpensive telecommunications:
a. discouraged de-integration.
b. increased the optimal size of firms.
c. shifted the long-run average cost (LRAC) curve of firms downward.
d. shifted the marginal cost of firms upward.
C
Economics
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____________: Most probable selling price, assuming "normal" sale conditions. Value for the "typical" market participant may not be fundamental value.
Fill in the blank(s) with the appropriate word(s).
Economics
You own $10,000 in personal property, $2,000 in Company X stocks, $1,000 in U.S. Savings Bonds and have $500 in your checking account. If Company X goes bankrupt, the most you could lose is
A) $13,500. B) $11,500. C) $2,000. D) $500.
Economics