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Author Question: More risk-averse people will: a. hold fewer risky assets because marginal utility is rapidly ... (Read 37 times)

LCritchfi

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More risk-averse people will:
 a. hold fewer risky assets because marginal utility is rapidly diminishing.
  b. hold fewer risky assets because marginal utility is greater.
  c. hold fewer risky assets because rates of return are more uncertain.
  d. hold fewer risky assets because marginal utility is negative.

Question 2

A cartel is a situation where firms in the industry
 a. have an agreement to restrict output.
  b. agree to produce identical products.
  c. obey the rules of dominant firm price leadership.
  d. experience the pain of a kinked demand curve.
  e. have a barometric price leader



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jojobee318

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Answer to Question 1

a

Answer to Question 2

a





 

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