For individuals, the maximum fine for a Sherman Act violation is ________ million and the maximum prison sentence is ________ years.
A) $2; 10 B) $1; 10 C) $2; 5 D) $1; 5
B) $1; 10
You might also like to view...
In comparing the magnitudes of the components of GDP according to the expenditure approach, we see that in the United States
A) government expenditure on goods and services is the largest category. B) investment is the largest category. C) investment is much larger than government expenditure on goods and services. D) investment is less than government expenditure on goods and services. E) investment, government expenditure on goods and services, and consumption expenditure are all about the same size.
It is important to understand oligopoly markets because:
a. although few real world markets are oligopolies, their existence raises interesting theoretical questions. b. oligopolies typically generate more deadweight loss than monopolies. c. oligopolies can generate a whole range of possible outcomes between monopoly and perfect competition. d. one can predict the market outcome exactly just by knowing the number of firms in the market.
Conglomerate mergers involve more than two firms
a. True b. False
The costs imposed on a firm from changing listed prices is termed: a. the nominal cost of inflation
b. the shoe-leather cost of inflation. c. the menu cost of inflation. d. the implied cost of inflation.