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

NEW QUESTION: 2

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

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