The landmark antitrust case which established that size alone can be an antitrust violation is the:
a. U.S. Steel case.
b. Brown Shoe case.
c. Von's Grocery case.
d. ALCOA case.
e. Pabst Brewing case.
d
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If a firm adds one more worker and total output increases from 100 to 120, the marginal product of labor equals
a. 220. b. 120. c. 100. d. 20.
If the government establishes a price floor at 75 percent of parity, this would imply that
a. price ceilings on farm goods must be 125 percent of parity b. price ceilings on farm goods must be 25 percent of parity c. farm prices can be no less than 75 percent of their 1910–1914 level d. farm prices can only rise to 75 percent of their 1910–1914 level e. farmers' purchasing power will be no less than 75 percent of 1910–1914 purchasing power
Refer to Figure 16.3. A shift from AS3 to AS2 could be caused by
A. A decrease in the money supply. B. An increase in the marginal tax rate. C. An increase in the investment in human capital. D. A decrease in government spending.
If the labor supply curve faced by a firm shifts to the right, the marginal factor cost curve of labor must be
A) rising and below the supply curve. B) rising and above the supply curve. C) equal to the supply curve. D) horizontal.