All of the following are examples of restraints of trade except which one?
A) price fixing
B) predatory pricing
C) output restrictions
D) bid rigging
B) predatory pricing
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Any change in a firm’s fixed costs will change its profit-maximizing level of output.
Answer the following statement true (T) or false (F)
Government can overcome the free rider problem by collecting taxes and using the funds to provide individuals with nonexcludable public goods that they want to buy but the market cannot provide.
Answer the following statement true (T) or false (F)
The marginal seller is the seller who
a. cannot compete with the other sellers in the market. b. would leave the market first if the price were any lower. c. can produce at the lowest cost. d. has the largest producer surplus.
How does a pollution tax work?
What will be an ideal response?