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Provide a Short Answer to Each of These Questions

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Essay

Provide a short answer to each of these questions.Be sure to fully explain your answer.
Why is insider trading illegal and considered unethical? Isn't that exactly what financial markets are supposed to do--reward those who make good decisions?


Definitions:

Perfectly Competitive Eatery

A theoretical model where a restaurant operates in a market with many buyers and sellers, none of which can influence prices.

Breakfast Special

A promotional deal or menu option offered by restaurants specifically for breakfast meals, often at a reduced price.

Costs

The expenses or value sacrificed in the production or procurement of goods and services.

AVC

Average Variable Cost, which is the total variable costs divided by quantity of output produced.

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