What is not a limitation of antitrust legislation?
A. The government seldom wins.
B. Anticompetitive behavior may resemble vigorous competition.
C. It prevents firms from challenging their rivals.
D. The defendant may go bankrupt.
Answer: A
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As the ________ increases, ________
A) quantity demanded of a good; its price increases B) quantity demanded of a good; its price decreases C) price of a good; its quantity demanded increases D) price of a good; its quantity demanded decreases
Hans Selye called beneficial stress:
a. Distress b. Eustress c. Prostress d. Type B stress
Which economist argued that high tax rates can produce less tax revenues?
a. Robert Ferber b. A. W. Phillips c. Alex Maxwell d. Frantisek Bass e. Arthur Laffer
If the price of a good is low,
a. firms would increase profit by increasing output. b. the quantity supplied of the good could be zero. c. the supply curve for the good will shift to the left. d. firms can and should raise the price of the product.