The Clayton Act
A. made tying contracts illegal and banned price discrimination.
B. called for the establishment of the Federal Trade Commission.
C. banned the use of barriers to entry to prevent monopolization.
D. declared monopoly and trade restraints illegal.
Answer: A
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The relationship between changes in interest rates and changes in the level of investment is depicted by the downward-sloping investment curve
Indicate whether the statement is true or false
The difference between a sole proprietorship and a partnership is
a. a partnership is a separate legal being apart from its owners b. ability to issue stock c. limited liability d. the distribution of dividends e. the number of owners
Which of the following is true about the combination of mops and brooms represented by point E in Figure 1.3 and using PP1?
A. Point E is attainable only if more resources become available or technological advances are made. B. Point E is attainable if this economy uses more of its available resources. C. Point E is unattainable if this economy becomes more efficient. D. Point E is efficient now.
In order to continue earning an economic profit, individual farmers must
A. Charge higher prices than their competitors. B. Continue to improve their productivity. C. Expand their rate of output until marginal cost equals zero. D. Charge lower prices than their competitors.