When a firm needs to raise funds in the financial markets, it usually uses the services of an investment banker. Last year Maverick Inc. entered into an agreement with Ginobli Partners, an investment bank. At the time of issue, Ginobli Partners has agreed to purchase all offered shares from Maverick and then try to sell all shares in the primary market. What kind of arrangement is this? A best efforts arrangement An underwritten agreement In the event that an issuer elects to use an underwritten arrangement, who bears all the risk that the stock issue might be undersubscribed? In other words, who is at risk if the investment bank cannot sell all shares to investors at the time of issue?

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency, government intervention can improve overall welfare o markets allocate goodseffectively