The Securities Industry Experienced Dramatic Growth in the Last Two

question 70

Multiple Choice

The securities industry experienced dramatic growth in the last two decades of the 20th century. The following models for the industry's revenue R and expenses or costs C (both in billions of dollars) were developed as functions of the years past 1980 with data from the U.S. Securities and Exchange Commission's 2000 Annual Report (2001) . and . Use the models to predict the profit for the securities industry in 2009. Round your answer to two decimal places. ​

• A)$1.15 billion
• B)$955.65 billion
• C)$830.61 billion
• D)$125.04 billion
• E)$540.34 billion

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Definitions:

Competitive Parity

A strategy where companies set their prices or marketing efforts to match those of their competitors to maintain market share.

Similar Prices

A situation where products or services offered by different businesses have little to no price variation between them.

Major Competitors

The top or primary companies that compete in the same industry or market, offering similar products or services.

Strategy

A plan of action designed to achieve a major or overall aim, often involving detailed methodologies to conquer challenges and achieve long-term goals.