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What is the principle of diminishing marginal utility?
Miller and Scholes
Refers to Merton Miller and Myron Scholes, economists recognized for their work in finance, including the development of the Black-Scholes model for option pricing.
Miller and Scholes
Refers to economists Merton Miller and Myron Scholes, noted for their contributions to the field of finance, including work on the pricing of options and corporate finance.
Nonsystematic Risk
The portion of investment risk that is unique to an individual asset or company, such as management decisions or product recalls, and can be mitigated through diversification.
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