Federal antitrust laws in the United States are intended to
A) promote competition by prohibiting monopolies.
B) promote income equality.
C) create new monopolies.
D) create only government-owned organizations.
Answer: A
You might also like to view...
If the multiplier is 10, then the marginal propensity to consume (MPC) is
A) 9. B) 1. C) 0.9. D) 0.1.
Which of the following statements could be considered a normative statement?
A. Most low-income people use Food Stamps to buy food. B. A large portion of the government budget is used to provide Food Stamps to low-income people. C. Food stamps allow low-income people to buy more food. D. Food stamps are a good way to help low-income people to afford food.
Which of the duopoly models has the highest overall combined profit level?
A. The Stackelberg Leader-Follower model B. The Bertrand model C. The Cournot model D. The shared monopoly model
Because the CPI overstates the rate of inflation, Cost of Living Adjustments for wages that are based on it will
A. cause these wages to rise more slowly than they otherwise would. B. cause these wages to rise more quickly than they otherwise would. C. never have to account for this to get it right. D. be correct.