Both competitive and monopolistically competitive firms: can maximize profit by raising price. cannot control or set their own price. can maximize profit by producing to the point where marginal cost = marginal revenue. can enforce price arrangements vigorously in court. sell products that are identical.

James has set the goal of achieving all "a"s during this year of school.which term best describes this goal

What is an example of a good stock to buy in a recession? a) cyclical stock b) defensive stock c) income stock d) bond

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.