The Sherman Antitrust Act was passed to
A. protect the monopoly profits of firms.
B. control the growth of monopolies in the U.S.
C. prevent market price from equaling marginal cost.
D. protect companies from foreign competition.
Answer: B
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Bundling:
A. is the practice of selling a single product in bulk at a reduced per unit price. B. is the practice of selling several products together as a package. C. is the practice of selling the same good to different types of consumers at different prices. D. is the practice of selling different goods to different types of consumers at different prices.
Derived demand is
A) a derivative of the demand curve. B) the demand for goods and services produced by companies using scarce resources. C) the demand for advertising to increase the sales of the product. D) the demand for the factors of production that are used to produce goods and services.
Which of the following is an example of an unintended consequence?
a. government sponsored ad campaigns that lead to an increase in vaccinations b. rent controls that lead to a decline in the quality of rental properties c. higher property taxes that allow for better public schools d. increased airport security measures that result in safer travel
Four banks are offering the same interest rate of 4%. Where do you invest?
A) Bank A compounds interest on a yearly basis. B) Bank B compounds interest on a monthly basis. C) Bank C compounds interest on a daily basis. D) I am indifferent between banks.