Anti-competitive policies are often enforced by government because the public seems to think price cutting by large sellers
A) creates monopolies by reducing competition.
B) increases competition among sellers.
C) raises prices at the wholesale but not at the retail level.
D) reduces the elasticity of margins.
A
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A) moral hazard problem. B) adverse selection problem. C) assigned risk problem. D) ill queue problem.
If two goods are considered complements and the price of one decreases then the other good's
A. supply curve will shift to the left. B. supply curve will shift to the right. C. demand curve will shift to the left. D. demand curve will shift to the right.
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What will be an ideal response?