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What are some of the effects that technology and technological changes have on the competitive landscape?
William Sharpe
An economist who created the Sharpe Ratio, a measure to calculate risk-adjusted return.
SML (Security Market Line)
A line in the Capital Asset Pricing Model that shows the relationship between the expected return of a security and its risk.
Risk Averse
A tendency to prefer certainty over uncertain outcomes to minimize exposure to financial loss.
Market Equilibrium
A situation in a market where the quantity supplied equals the quantity demanded at a certain price level, resulting in no net shortage or surplus.
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