Which piece of legislation forbids most forms of price discrimination?
a. Sherman Act
b. Robinson-Patman Act
c. Cellar-Kefauver Act
d. Clayton Act
b
You might also like to view...
To determine the total change in deposits as a result of an injection of reserves, we must
a. sum the number of loans a bank has made b. multiply the injection of reserves by 10 c. multiply the number of loans by the expenditure multiplier d. sum the reserves of each bank e. multiply the injection of reserves by the demand deposit multiplier
How many members are there of the U.S. Senate Committee on Banking, Housing and Urban Affairs?
A. 15 B. 20 C. 21 D. 28
Which of the following best describes supply-side economics?
A) Labor productivity affects aggregate supply. B) Education affects labor productivity which affects aggregate supply. C) Education affects the incentive to work, save, and invest and, therefore, aggregate supply. D) Tax rates affect the incentive to work, save, and invest and, therefore, aggregate supply.
Figure 9.2 shows the cost structure of a firm in a perfectly competitive market. If the market price is $10 and the firm chooses the profit maximizing output level, its profit is:
A. $1,000. B. $800. C. $720. D. $200.