The importance of the Federal Trade Commission Act of 1914 is that it:
a. set up an independent antitrust agency with the power to bring court cases.
b. strengthened the law against mergers.
c. strengthened the law against price discrimination.
d. all of these.
a
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Two goods are substitutes if an increase in the price of one good leads to a decrease in demand for the other
Indicate whether the statement is true or false
As a group, oligopolists would always earn the highest profit if they would
a. produce the perfectly competitive quantity of output. b. produce more than the perfectly competitive quantity of output. c. charge the same price that a monopolist would charge if the market were a monopoly. d. operate according to their own individual self-interests.
Identify at least three key factors in the HPAE's economic success?
What will be an ideal response?
The policy rate is
A) determined by monetary policy. B) a real interest rate. C) a risk premium. D) entering the IS equation.