题目内容
Compared with outcomes that result from collusion, independent action by companies operating in an oligopolistic industry would tend to decrease:
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Suppose you expect the computer industry to have a dividend payout ratio of 20% a return on equity of 22%, and a required return of 19%. Use microanalysis to estimate the earnings multiplier for the industry.
A. 10.8 times. |
B.
B. 13.3 times. |
C.
C. 14.3 times. |