Given what we've just learned about payout policy (from Chapter 16 of your text) reevaluate Lazonick's argument, in Profits Without Propserity, about the effects of share repurchases. Might a high rate of share repurchases, or dividend payments, be optimal (in terms of increasing shareholder value) for such firms? What is the key characteristic of such firms? Also explain how such firms contribute to general economic growth through repurchaes and dividends.