Firms do not add to their stock of capital when Tobin's q ratio is 0 . 9 . If q is less than 1 , then the stock market values installed capital at more than its replacement cost. True or False

Managerial Economics: A Problem Solving Approach
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Chapter4: Extent (how Much) Decisions
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 Firms do not add to their stock of capital when Tobin's q ratio is 0 . 9 . If q is less than 1 , then the stock market values installed capital at more than its replacement cost.

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