In 2017, the Department of Justice was investigating pharmaceutical companies regarding the pricing of generic drugs. This is an example of attempts by the government
A) to prevent vertical mergers which would significantly reduce competition and raise prices.
B) to prevent horizontal mergers which would significantly reduce competition and raise prices.
C) to regulate a natural monopoly by establishing government-regulated prices.
D) to keep firms from colluding to raise prices.
Answer: D
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The table above shows the production possibilities frontier for the nation of Isolanda
a) Find the marginal cost of a pound of fish using the above PPF. b) How does the marginal cost of a pound of fish change as more fish are caught?
Which of the following is a stock variable?
a. Government spending b. Investment c. Daily household consumption d. Saving e. Wealth
If the government eliminated unemployment benefit payments what would be the effect on the level of real GDP and well being in the economy?
Refer to Table 20-6. Consider the following values of the consumer price index for 1996, 1997, and 1998: The inflation rate for 1997 was equal to
A) 1.2 percent. B) 2.0 percent. C) 2.5 percent. D) 4.0 percent.