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Consider the one-factor APT. The variance of returns on the factor portfolio is 11. The beta of a well-diversified portfolio on the factor is 1.45. The variance of returns on the well-diversified portfolio is approximately
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The total revenue generated from all goods and services sold within a specific industry over a certain period.
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Companies that dominate an industry or market, often characterized by significant market share or innovation.
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Measures indicating the market share of the largest firms within an industry, used to assess the degree of market concentration and competition.
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