Antitrust laws may
a. enhance the ability of firms to capture profits from a concentration of market power.
b. enhance the ability of firms to reduce economic losses.
c. restrict the ability of firms to operate at the socially efficient level of production.
d. restrict the ability of firms to merge.
d
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If a rise in the price of good B increases the quantity demanded of good A
A) A and B are substitutes. B) A and B are complements. C) A is a substitute for B, but B is a complement to A. D) B is a substitute for A, but A is a complement to B.
A person whose house has declined in value as a result of a nearby factory's fumes is a third party to the market associated with the factory
Indicate whether the statement is true or false
If money has intrinsic value, it has value:
A. based on how often people use it for payment. B. unrelated to its use as money. C. that sets its value as money. D. only as its use as money.
While everyone wants a clean environment, it can be very hard to achieve. An approach governments could take to promote that outcome is to:
A. influence individual's incentives. B. create and enforce strict laws and heavy fines. C. create social norms. D. All of these are ways governments can get the "green" behavior they want.