Officers of five large building-materials companies meet and agree than none of them will submit bids on government contracts lower than an agreed-upon level. This is an example of:
a. price fixing.
b. vertical restriction.
c. a tying contract.
d. an interlocking directorate.
a
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Moving from left to right, a U-shaped curve starts with a
A) negative slope, reaches a minimum, then ends with a positive slope. B) negative slope, reaches a minimum, then ends with a negative slope. C) positive slope, reaches a maximum, then ends with a negative slope. D) negative slope, reaches a maximum, then ends with a positive slope. E) positive slope, reaches a minimum, then ends with a negative slope.
__________ bonds are municipal bonds that are backed by the general taxing power of the state or local government
A) General obligation B) Revenue C) Tax-anticipation D) Bond-anticipation
When a court uses the per se rule to interpret the Sherman Antitrust Act, its ruling is based on market conduct alone
a. True b. False
The opportunity cost of attending a movie is the purchase price of a ticket
a. True b. False Indicate whether the statement is true or false