The Federal Trade Commission was given the power to issue "cease-and-desist" orders where it found behavior to violate antitrust laws.
Answer the following statement true (T) or false (F)
True
Economics
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In a constant-cost industry, input prices remain constant as:
a. the supply of inputs fluctuates. b. firms encounter diseconomies of scale. c. workers become more experienced. d. firms enter and exit the industry.
Economics
Figure 11-2
In Figure 11-2, at what quantity would the monopolist maximize profit?
A. A B. B C. C D. D
Economics
About what percent of the world's poorest people are female?
a. 30 b. 50 c. 70 d. 90
Economics
What is the equilibrium price and quantity under perfect competition?
a. Q=10 and P=40 b. Q=10 and P=60 c. Q=20 and P=40 d. Q=20 and P=60
Economics