When was the Clayton Act passed, and what were the main practices that it outlawed?
What will be an ideal response?
The Clayton Act was passed in 1914, and it outlawed tie-in sales, price discrimination for the purpose of reducing competition, and stock-purchase mergers that substantially reduce competition.
You might also like to view...
A decrease in income ________
A) lowers money demand for any given interest rate B) lowers interest rates ceteris paribus C) leads to a leftward shift of the money demand curve D) all of the above E) none of the above
Suppose Tucker Inc is willing to sell one gizmo for $10, a second gizmo for $15, a third for $20, and the market price is $25 . What is Tucker Inc's producer surplus?
a. $10 b. $15 c. $30 d. $50
Pure public goods involve positive externalities.
A. True B. False C. Uncertain
If the supply of a good is perfectly inelastic, the price elasticity of supply will equal
A) positive infinity. B) one. C) zero. D) none of the above.