A Virtuous Cycle Occurs

question 127

Multiple Choice

A virtuous cycle occurs

• A)when lobbyists petition members of Congress to grant a public franchise; the lobbyist then raise money for those Congress members who granted the franchise.
• B)when monopoly profits are used to create new products for additional monopoly profits.
• C)when a firm can attract enough buyers initially to increase a product's usefulness and attract even more buyers.
• D)when a firm's sales volume reaches a level where the firm can take advantage of economies of scale; thereby reducing the price of the product to further boost its sales.

---

Definitions:

Shareholder Proxies

Legal authorizations granted by shareholders for someone else, often a board member, to vote on their behalf at company meetings.

Articles Or Bylaws

Written rules and regulations governing the structure and operations of a corporation or organization.

Access Corporation's Books

The right or ability to examine the financial records of a company.

Confidential Corporate Information

Confidential corporate information encompasses all non-public data, trade secrets, strategies, and details about a corporation's operations, financials, and plans that are protected to maintain competitiveness.