Consider two firms producing smartphones. One uses a highly automated robotics process, whereas the other uses workers
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Consider two firms producing smartphones. One uses a highly automated robotics process, whereas the other uses workers on an assembly line and pays overtime when there is heavy production demand. P-968
a. Which firm will have higher profits in a recession?
b. In a boom?
c. Which firm’s stock will have a higher beta?
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Related Book For 
ISE Investments
ISBN: 9781266085963
13th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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