Marion klatt, cfa, is a representative for thiel financial network. klatt received a phone call at home from william kind, a junior executive at westtown development company, asking whether klatt had heard that westtown had just reached an agreement to acquire a major shopping mall chain at a very favorable price. (klatt had not heard this news, and klatt was able to confirm that the information had not yet been made public.) kind requested that klatt acquire 10,000 shares of westtown for kind's personal account. klatt should:
a) not acquire the shares until he has contacted westtown's management and encouraged them to publicly announce the merger discussion.
b) not acquire the shares.
c) not acquire the shares until the information is made public.

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.