Multiple Choice
MCI announced a price discount plan for small firms.Their stock immediately fell in price.This shows that:
A) MCI is probably competing in a Bertrand oligopolistic industry.
B) stockholders are sometimes not rational.
C) there is increased demand for MCI's stock.
D) AT&T sold out its stock of MCI just after the announcement.
Correct Answer:
Verified
Correct Answer:
Verified
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