In order for the price mechanism to work, we need
A. To have the government regulate each industry.
B. Many competing firms in each industry.
C. To have only a few firms in each industry.
D. None of the choices are true.
B. Many competing firms in each industry.
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Use the following diagram to answer the next question. 
The diagram illustrates the pattern of
A. wage movements over time. B. business cycles. C. price level movements. D. economic growth patterns.
A mobile phone is a
a. private good. b. club good. c. common resource. d. public good.
Suppose that a worker in Country A can make either 25 bananas or 5 tomatoes each year. Country A has 200 workers. Suppose a worker in Country B can make either 18 bananas or 6 tomatoes each year. Country B has 400 workers. Suppose Country A specializes in bananas, and Country B specializes in tomatoes. The limits to the terms of trade that Country A would find acceptable are Country A will give no:
A. less than 1 tomato for every 5 bananas. B. less than 5 bananas for each tomato. C. more than 5 bananas for each tomato. D. more than 1 tomato for every 5 bananas.
Does section 2 of the Sherman Act make it a felony to "attempt" to monopolize an industry or must the attempt succeed before it is a felony?
What will be an ideal response?