The market demand curve will always be

• A.flatter than the individual demand curves that make it up.
• B.steeper than the individual demand curves that make it up.
• C.have the same slope as the individual demand curves that make it up.

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Which of the following will unambiguously increase NAV of an open-end fund?

• A.Securities held increase in value by 1%
• B.Shares of the largest holding in the portfolio split 2-for-1
• C.Purchases of new shares exceed redemptions

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Whenever a hedge fund is added to the database, its historical data is also posted to the database.
Usually, only favorable results of the fund are published in the database. This leads to:

• A.Survivorship bias.
• B.Selection bias.
• C.Instant history bias.

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Refer to the graph below. Assuming that the monopoly maximizes profit it will earn profits of:

• A.$8,000 per day.
• B.$40,000 per day.
• C.$160,000 per day.

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Ending inventory is overstated in Period A.
Which of the following occurred as a result of this error?

• A.Retained Earnings at the end of Period A is understated.
• B.Retained Earnings at the end of Period B is overstated.
• C.Retained Earnings at the end of Period B is correct.

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