A ________ gap reflects the difference between customers' expectations and the firm's perception of those customer expectations.

A) seniority
B) knowledge
C) standards
D) delivery
E) communication

When a natural monopoly is regulated to charge a price equal to average total cost,producer surplus decreases,but total surplus increases.

​The information conveyed by changes in market prices is especially important in financial markets because

A) ​It forces individual investors to reveal their information about the prospects of a security
B) It assesses business decisions
C) It helps firms forecast the future demand for products
D) ​All of the above

Once an accounting system has been implemented, feedback will be used to continuously analyze and improve the system.

The difference between the maximum a person is willing to pay and current market price is known as

A) consumer surplus.
B) producer surplus.
C) market surplus.
D) nonprice surplus.

Diversifiable risks can be essentially eliminated by investing in several unrelated securities.

The theory of ___________ concludes that by reacting to the expected effects of a stabilization policy,the public will tend to negate the impact of that policy.