If Sony required all its retailers not to sell televisions from other companies, Sony would be engaging in what kind of activity? Is Sony's requirement legal or does it violate the Clayton Act?
What will be an ideal response?
Sony is engaged in an exclusive deal. The question of whether Sony's requirement is legal depends on whether it substantially lessens competition or creates a monopoly. If it does either, it is illegal under the Clayton Act. If it does neither, it is legal under the Clayton Act.
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What are the main features of the Harris-Todaro model of rural-urban migration?
What will be an ideal response?
Which agreement removes customs and passport controls at the common borders of many EU countries?
What will be an ideal response?
Actual real GDP this year is expected to exceed last year's by two percent, while the annual growth rate of natural real GDP is three percent. This is enough to lead us to expect that this year's unemployment rate will be
A) below last year's and below the natural rate of unemployment. B) below last year's but still above the natural rate of unemployment. C) below last year's. D) above last year's. E) above last year's and above the natural rate of unemployment.
The increase in competition in the United States between 1958 and 1988 was not a result of
a. increased imports b. deregulation c. antitrust activity d. penetration of markets by foreign producers e. import quotas