Which of the following would fall under the "rule of reason doctrine?"
a. General Motors colludes with Ford to fix the price of their cars
b. Coke and Pepsi collude to limit the quantity of soft drinks on the market
c. Intel dominates the market for computer processors with a 95% market share
d. Reynolds American, Inc. and Lorillard, Inc. agree to limit the introduction of new cigarette brands
e. two local restaurants agree to increase their prices by 10%
C
You might also like to view...
Of the following cancer patients, who is speculating?
A) The one who follows their doctor's advice and elects chemotherapy B) The one who goes against their doctor's advice and rejects chemotherapy C) The one who gets a second opinion, but not a third opinion D) All of the above. E) None of the above.
The assumption that in the long run prices and wages are fully flexible implies that the long-run aggregate supply curve is determined by ________
A) capital and labor inputs B) technology C) the natural rate of unemployment D) all of the above E) none of the above
During the pre-Revolutionary period American colonists used their market power to rebel by:
a. organizing nonimportation associations in response to taxes. b. organizing powerful labor unions. c. creating large manufacturing firms that competed with English manufacturers. d. forming farming cartels that increased the prices of American agricultural exports. e. All of the above.
Which of the following is an example of an expansionary monetary policy?
a. A reduction in government purchases of goods and services b. An increase in the discount rate c. An open market sale of U.S. government securities d. A reduction in the required reserve ratio e. A tax cut