Antitrust cases against Eastman Kodak, International Harvester, United Shoe Machinery, and United States Steel resulted in the firms
A. being fined and then dissolved.
B. settling their cases with consent decrees.
C. being found not guilty of unreasonable conduct under the Sherman Act.
D. being found guilty of tying under the Clayton Act.
Answer: C
You might also like to view...
Jake is a corn farmer in Nebraska. He rents his land on a long-term lease for $250,000 a year. He pays his farm hands $128,000 a year
Is his rent a fixed cost or a variable cost? Are the wages he pays his workers a fixed cost or a variable cost? Briefly explain your answers.
Who is "selling short"?
A) The grocer who sells a pound of apples today at a slashed price of 75 cents a peck B) The airline requiring you to pay for your ticket two weeks in advance of the flight C) The church that provides a free Thanksgiving dinner to the poor D) All of the above.
What is the average cost of producing three units?
a. $200 b. $100 c. $50 d. $70
Suppose the foreign exchange market is in equilibrium and that the interest rate in Russia increases. How would the foreign exchange market be affected?
a. The supply of Russian rubles will decrease. b. The demand for Russian rubles will decrease. c. The Russian interest rate has no effect on the market. d. The supply of Russian rubles will increase. e. The demand for Russian rubles will increase.