Excess capacity is best described as underused plant resources that are a result of . Multiple choice question. a concentration of industry competitiveness combined with an increase in market share a firm producing less output than what is associated with achieving minimum average total cost a firm distinguishing its products through design, related services, quality, or price an industry in which the top four firms are monopolistically competitive

Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d