Refer to Fact Pattern 21-3

question 11

Multiple Choice

Refer to Fact Pattern 21-3. Under the Securities Exchange Act of 1934, Geoff is most likely

• A)liable for insider trading.
• B)not liable because Geoff is only a tippee, not a tipper.
• C)not liable because Geoff is too far down the chain of disclosure.
• D)not liable because Geoff traded on the basis of a material fact.

Recognize the factors that inhibit perfectly competitive markets including barriers to entry.

Identify and explain the differences between various market structures, including monopolies and cooperatives.

Describe the role of patents and property rights in market competition.

Distinguish between homogeneous and differentiated products.

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Definitions:

Comprehension

The ability to understand and process language or information, grasping the meaning of text, speech, symbols, or behavior.

Phonology

The branch of linguistics concerned with the systematic organization of sounds in languages.

Audition

The formal term for the sense of hearing, or the process by which sound waves are converted into neural signals that the brain interprets.

Underextension

The overly restrictive use of words, common in early language development, where a child uses a word only for a specific object rather than for all objects that belong to a particular category.