Alcoa, which produced about _____% of the country's aluminum, maintained in its 1945 case that while it was big, it was not ____________. The Supreme Court found that _________.
Fill in the blank(s) with the appropriate word(s).
90; bad; monopoly, per se, was illegal
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In the above figure, when the efficient quantity is produced the marginal social cost of the last magazine is
A) $1. B) $3. C) $5. D) some amount not given in the above three answers.
A pharmaceutical company faces a price regulation where it cannot charge any higher than $5,000 for a lifesaving drug. The company knows that the patients put a high value on this product and are willing to pay up to $10,000 for it. The company decides to sell the drug at $5,000 but requires the patients to purchase periodic blood testing from them for $5,000 . This is an example of
a. Tying b. Bundling c. Fraud, the company is not allowed to sell for any higher than the regulatory price d. Both A&B
Principal-agent problems are not addressed in the market for corporate control
Indicate whether the statement is true or false
If the poverty rate declines because of a general increase in the economic standing of lower income people, the rational criminal model would predict
A. increased social worker caseloads. B. increased crime. C. decreased crime. D. have no effect on crime.