The Sherman Act makes it illegal to
A) increase market share.
B) merge firms in the same industry.
C) attempt to monopolize an industry.
D) price below competitors.
C
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If resources are owned by individuals instead of government,
a. resources will be used less efficiently. b. resource use will tend to be unchanging and determined by historical usage patterns. c. resource use will be guided by changing relative prices as owners attempt to maximize self-interest. d. market prices will not reflect changing values of different uses of the resources. e. none of the above answers are correct.
The difference between the purchase price of a home and the amount of the mortgage is the
A. indebtedness. B. term to maturity. C. down payment. D. leasehold.
What does the investment spending multiplier measure?
A) ?Y / ?I B) ?I / ?Y C) ?I + ?Y D) ?I * ?Y
Misspecification of functional form of the regression function
A) is overcome by adding the squares of all explanatory variables. B) is more serious in the case of homoskedasticity-only standard error. C) results in a type of omitted variable bias. D) requires alternative estimation methods such as maximum likelihood.