Under the provisions of the uniform securities act, which of the following securities would have to be registered by qualification? a) xyz company has been in business one year. b) an initial offering of its stock will be offered in several states at once. c) the wlc company, formed two years ago, has previously made an offering of its stock in several other states and now wishes to make a new offering of stock in a state. d) red inc., plans to make an offering of its stock in only one state and so it will not file a federal registration statement.

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i.e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i.e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process.b)consumers have the right to clean air; consumers are dominant in the bargaining process.c)firm has the right to pollute; firm is dominant in the bargaining process.d)firm has the right to pollute; consumers are dominant in the bargaining proces