Which of the following is not an antitrust enforcement option?
a. c and e
b. nationalization
c. laissez-faire
d. break ups
e. regulation
C
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What is true about dominant strategies in the game in Scenario 13.11?
A) R1 and C1 are dominant strategies. B) R1 and C2 are dominant strategies. C) R2 and C1 are dominant strategies. D) R2 and C2 are dominant strategies. E) There are no dominant strategies.
It is purely by chance that what producers intend to produce for consumption will equal what consumers intend to consume
Indicate whether the statement is true or false
In the United States, consumers, businesses, governments, and foreigners participate in both the product and factor markets.
Answer the following statement true (T) or false (F)
A profit-maximizing monopolistically competitive firm will expand output to the point where:
A. total revenue equals total cost. B. marginal revenue equals marginal cost. C. price equals average total cost. D. price equals marginal cost.