In the Microsoft antitrust case, regulators argued that Microsoft (MS) not only required computer makers that wanted to use MS Windows to also carry their other software, but required them to:
a. choose between various word processing programs.
b. remove a competitor’s software.
c. use less innovative marketing practices.
d. run the Macintosh operating system.
b. remove a competitor’s software.
The government argued that Microsoft had engaged in an anticompetitive form of exclusive dealing by threatening computer makers that, if they did not leave another firm’s software off their machines (specifically, Netscape’s Internet browser), then Microsoft would not sell them its operating system software.
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Refer to Table 13-3. What is the amount of the firm's loss at its optimal output level?
A) $0 B) $41 C) $45 D) $50
If a union negotiates a wage above the market equilibrium, each firm hiring union members faces
a. a perfectly inelastic supply curve for labor b. a perfectly elastic supply curve for labor c. a perfectly inelastic demand curve for labor d. a perfectly elastic demand curve for labor e. perfectly inelastic supply and demand curves for labor
A U.S. tourist travels to Italy and spends $900 during the trip. How is this activity recorded in the U.S. current account?
a. Unilateral transfers account is credited for $900. b. Unilateral transfers account is debited for $900. c. Merchandise account is credited for $900. d. Services account is debited for $900. e. Merchandise account is debited for $900.
A registered nurse in Tulsa, Oklahoma makes a lower wage than an equally skilled registered nurse in San Francisco. This is an example of a compensating differential.
Answer the following statement true (T) or false (F)