Which of the following is exempt from antitrust laws?

A. professional football
B. airlines
C. petroleum companies
D. hospitals


Answer: D

Economics

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In the Classical system, the total output of goods and services and total employment are determined by all of the following except

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The above figure shows the cost curves for a competitive firm. If the firm is to earn economic profit, price must exceed

A) $0. B) $5. C) $10. D) $11.

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The benefits paid by the largest pension program in the United States are: a. not adjusted for changes in the price level

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Both marginal revenue and marginal revenue product refer to the gains to the firm from employing one additional worker

a. True b. False

Economics