Which of the following business practices, if proven to exist, is always illegal under U.S. antitrust law?
A) tying arrangements
B) price fixing among competitors
C) exclusive dealing
D) all of the above
B
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GNP equals GDP
A) minus net receipts of factor income from the rest of the world. B) plus receipts of factor income from the rest of the world. C) minus receipts of factor income from the rest of the world. D) plus net receipts of factor income from the rest of the world. E) minus depreciation.
According to Keynesians, if the money supply is fixed and households expand their purchases of consumer goods, the velocity of money
a. remains unchanged but the price level falls b. falls c. rises d. falls and the price level rises e. remains unchanged but the price level rises
When the housing bubble popped, the effect of the negative demand side shock and the negative supply side shock were the same on:
A. output, causing it to definitely decrease. B. prices, causing them to definitely rise. C. output, causing it to definitely increase. D. prices, causing them to definitely fall.
Subway is a fast-food restaurant chain. Which of the following would be a long-run decision for Subway?
A. hire one more worker in a restaurant location B. supply more subs in one restaurant C. replace the manager of a restaurant D. open a new restaurant in a city