The European Union antitrust law focuses on which of the following?
A) furthering the social interest
B) consumer welfare
C) the means to monopolize a market
D) ethics
D) ethics
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The effects of the national health care program on goods and services markets will
A) increase the marginal cost of the firm. B) increase the quantity produced of the firm. C) consumers will pay lower prices for many goods and services. D) decrease the quantity demanded for all goods and services.
Why would we be likely to observe dentists engaging in price discrimination?
a. Dental care is expensive. b. All dentists are basically alike. c. It is very important to exercise care in choosing a dentist. d. It is nearly impossible to resell the services of a dentist. e. The demand for dentists is very inelastic.
The Federal Reserve System was created in 1913, through the Federal Reserve Act, by the:
a. U.S. President. b. Judiciary. c. Congress. d. International Monetary Fund. e. State governments.
Under what circumstances will an individual's labor supply curve become backward bending? Explain.
What will be an ideal response?