In some cases, firms that are accused of antitrust violations by federal authorities will plead guilty to the criminal charges in order to avoid facing the same charges in a private or civil trial. Why?
A) Attorneys in civil cases tend to be more effective at proving their claims.
B) The penalties for a conviction in a civil or private case are treble damages, or three times larger than the penalties in a criminal or public case.
C) Judges in criminal cases are known to be more lenient.
D) none of the above
B
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Which of the following events would not be recorded in the U.S. balance of payments?
a. The money supply of a foreign nation increases. b. Oxfam America, a U.S. relief agency, sends food to drought victims in sub-Saharan Africa. c. Oxfam America, a U.S. relief agency, sends farm equipment to drought victims in sub-Saharan Africa. d. The Pentagon stations troops in Saudi Arabia. e. Pepsi-Cola sends its soft drink to Russia; in return, the United States gets Stolichnaya vodka. No money changes hands.
If a monopolist has zero marginal costs, it will produce a. in the range in which marginal revenue is increasing. b. the output at which total revenue is maximized
c. at the point at which marginal revenue is zero. d. Both (b) and (c).
Which group of countries benefits most from trade?
a. low-income countries b. low- and medium-income countries c. high-income countries d. medium- and high-income countries
Producer surplus for an individual seller is equal to:
A) the marginal cost of the good minus the willingness to pay for the good. B) the marginal cost of the good minus the price of the good. C) the price of the good minus the marginal cost of producing the good. D) the willingness to pay for the good minus the price of the good.