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NEW QUESTION: 1
Which one of these concepts suggests that stock prices react to new information almost instantly?
A. incentive substitution
B. efficient market
C. bargaining power
D. market power
Answer: B

NEW QUESTION: 2

A. Option F
B. Option C
C. Option B
D. Option D
E. Option A
F. Option E
Answer: A,C,D

NEW QUESTION: 3
All of the following statements about a firms total revenue curve are true except which ONE?
A. The curve would be a horizontal straight line if demand for the product were perfectly price elastic
B. If price of the product rose the curve would pivot upwards
C. Price elasticity of demand for the product = 1 at the highest point of the curve
D. Because the price of a product falls as more is supplied to the market the curve is not a straight line
Answer: A