At about the time the Sherman Act was passed, changes in state incorporation laws had effects that tended to offset some of its provisions
Indicate whether the statement is true or false
T New Jersey led an effort by states to compete against each other in granting lenient corporate charters, allowing one corporation to own another, for example, and thus partially undercutting the Act's sanctions against holding companies.
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The preceding table gives monthly production information for Peter's Peanuts, a firm in a perfectly competitive industry. An increase in the wage rate for labor leads to
A) an increase in the quantity of labor demanded. B) a decrease in the quantity of labor demanded. C) an increase in the demand for labor. D) a decrease in the demand for labor.
If a firm is operating at an output level where losses are minimized the firm
A) has no incentive to stay in the industry. B) is better of exiting the industry. C) is maximizing profits. D) will shut down
The U.S. received only _____ of the total number of slaves crossing the Atlantic
a. 3 percent b. 6 percent c. 12 percent d. 36 percent e. 72 percent
At a given level of wheat output, one more unit of labor would produce 10 extra bushels, and one more unit of seed would produce 30 extra bushels. A unit of labor costs $6, and a unit of seed costs $12 . The farmer should
a. produce less wheat. b. buy only seed. c. buy more seed and less labor. d. buy less seed and more labor.