The argument that the government did not favor good trusts, but forbade all, is support for the __________ approach to antitrust
a. rule of reason
b. countervailing power
c. nationalization
d. per se
e. laissez-faire
D
Economics
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If the price elasticity of demand is 1.0, and a firm raises its price by 10 percent, the total revenue will
A. Rise by 10 percent. B. Rise by 100 percent. C. Not change. D. Fall by 10 percent.
Economics
An increase in taxes will cause
A) a reduction in investment. B) an increase in investment. C) no change in investment. D) no change in autonomous spending.
Economics
In the above figure, if d4 is the relevant demand curve for this firm, then which level of output will maximize this firm's profits or minimize its losses?
A. A B. B C. C D. D
Economics