Which statement is false?
A. The first trustbusters were Presidents Teddy Roosevelt and William Howard Taft.
B. Labor unions became exempt from antitrust enforcement under the FTC Act.
C. The Sherman Act stated that "every contract, combination in the form of trust or otherwise, in restraint of commerce among the several states, or with foreign nations, is hereby declared illegal."
D. The Supreme Court's rule of reason was applied from 1911 to 1945.
B. Labor unions became exempt from antitrust enforcement under the FTC Act.
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As a form of business, a sole proprietorship
A) cannot issue stock. B) has limited liability. C) has the most government rules and regulations affecting it. D) has more than one owner.
A. it is the most environmentally friendly way to produce goods. B. least-cost production techniques use the smallest total quantity of resources. C. competitive pressures in the market will drive out higher-cost producers. D. the government
provides tax credits and subsidies to low-cost producers. A. it is the most environmentally friendly way to produce goods. B. least-cost production techniques use the smallest total quantity of resources. C. competitive pressures in the market will drive out higher-cost producers. D. the government provides tax credits and subsidies to low-cost producers.
According to the law of demand, an increase in the price of baseball trading cards causes:
A. baseball trading cards to grow in abundance. B. the scarcity of baseball trading cards to increase. C. people to buy fewer trading cards. D. people to buy more trading cards.
Refer to the information. The average total cost of 3 units of output is:
The Sunshine Corporation finds that its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table. Use this information to answer the following question.
A. $65.
B. $21.67.
C. $40.
D. $35.