Hardy lumber has a capital structure that includes bonds, preferred stock, and common stock. which one of the following rights is most apt to be granted to the preferred shareholders? A) Right to all residual income after the common dividends have been paid.
B) Right to share in company profits prior to other shareholders.
C) Right to elect the corporate directors.
D) Right to a permanent seat on the board of directors.
E) Right to vote on proposed mergers.

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.