The policy that aims to regulate and prevent anti-competitive pricing in the United States is referred to as:
A) antitrust policy.
B) anticompetition policy.
C) monopoly regulation policy.
D) consumer protection policy.
A
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In a country with a working-age population of 30 million, 18 million are employed, 2 million are unemployed, and 2 million of the employed are working part-time, half of whom wish to work full-time. The involuntary part-time rate is
A) 4.5 percent. B) 10 percent. C) 4.8 percent. D) 5 percent. E) none of the above.
Which of the following is a characteristic of economic rent?
A. It can never be negative. B. It equals economic profit minus accounting profit. C. It is driven towards zero by free entry. D. It can be positive, zero, or negative.
Answer the following statement(s) true (T) or false (F)
1. The government can influence the economy through its fiscal policy by making changes in the money supply. 2. When the Federal Reserve Bank buys or sells U.S. securities, it changes the level of reserves in the banking system, which has an effect on interest rates. 3. The discount rate is the interest rate banks are charged when they borrow money from the Fed. 4. The Fed relies primarily on changes in the reserve requirement (the minimum amount of money banks must hold in reserve to cover deposits) to ease or tighten the money supply.
What is the most important determinant of the firm's short-run cost curves?
What will be an ideal response?