The Celler-Kefauver Act made it illegal to
a. provide selective discounts
b. set prices below marginal cost
c. conspire to collude
d. buy a competitor's patents, plants, or equipment
e. price discriminate
D
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Answer the following statement(s) true (T) or false (F)
1. When a flat fee pricing system is used, the MPC is coincident with the horizontal axis. 2. A front-end, or retail, disposal charge is a fee levied at disposal on the quantity of waste generated. 3. Unit pricing communicates that a higher level of waste services is associated with a nonzero marginal cost of production. 4. A bag-and-tag system is a type of PAYT program
The marginal revenue of a price taker is
a. equal to price. b. less than price. c. more than price. d. unrelated to price.
Payroll taxes distort the labor market by
a) reducing gross wages b) shifting the demand curve for labor outward c) increasing the supply of labor d) increasing hours of work e) driving a wedge between wages paid and wages received
Which of the following statements is TRUE?
A. The long-run aggregate supply curve is vertical. B. The long-run aggregate demand curve is upward sloping. C. The long-run aggregate supply curve is upward sloping. D. The short-run aggregate supply curve is vertical.