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n the story of New England Wire and Cable, the company was in an unusual situation of being worth more dead than alive. What economic
n the story of New England Wire and Cable, the company was in an unusual situation of being worth more dead than alive. What economic principle was violated when Larry Garfield tried to get control of the firm, break it up, sell the assets, and make a profit?
a. | Diminishing marginal return | |
b. | Diminishing marginal utility of wealth | |
c. | Non-positive marginal utility of wealth | |
d. | Externalities | |
e. | The law of one price |
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