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Referring to Figure 1 , which statement is correct? a. On the firm's production frontier, the points to the right of P represent projects that
Referring to Figure 1 , which statement is correct? a. On the firm's production frontier, the points to the right of P represent projects that have returns greater than the market return. b. The firm's initial endowment is the distance O to E. c. If the firm invests in projects up to point P, all investors can maximise their utility. d. Investors A, B and C can maximise their utility if firm pays dividends corresponding to point P. e. All of above
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