A saver can eliminate ________ risk through ________.

A. systemic; diversification
B. systemic; asset valuation
C. idiosyncratic; asset valuation
D. idiosyncratic; diversification

Answer: D

Economics

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The above table shows the market shares for all the landscaping services in a suburban area. The four-firm concentration ratio equals

A) 30 percent. B) 60 percent. C) 65 percent. D) 100 percent.

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Which of the following is most likely to be a monopolistically competitive firm?

A) smartphone manufacturer B) cellphone service provider C) college textbook publisher D) computer software maker

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