The Supreme Court has defined the offense of monopolization to
A) be when only one firm exists in an industry.
B) occur when asymmetric information exists.
C) include the possession of monopoly power and the willful maintenance of that power.
D) be unfair acts in the practice of commerce.
C
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Suppose China decides to sell a vast majority of their large holdings of U.S. Treasury bonds. If you are thinking of refinancing your house, how would China's action affect your decision to refinance?
A) You would want to wait to refinance as interest rates should rise. B) China's actions should not affect your decision to refinance in any way. C) You would want to refinance as soon as possible as interest rates should rise. D) You would want to wait to refinance as interest rates should fall.
Using the simple Keynesian model with a consumption function of C = 200 + .9Y, an $10 change in desired investment leads to a change in equilibrium income of
A) $10. B) $100. C) $20. D) $90.
What is meant by productive efficiency? How does a perfectly competitive firm achieve productive efficiency?
What will be an ideal response?
As the inventory of a firm rises
A. there is no change in its capital. B. its tangible capital increases. C. its intangible capital increases. D. its social capital decreases.