All of the following are exempted from antitrust laws EXCEPT
A) labor unions.
B) Microsoft Windows.
C) professional baseball.
D) hospitals.
Answer: B
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In a purely competitive labor market, a profit-maximizing firm will hire labor up to the point where the marginal revenue product of labor equals the
A. wage rate, or the price of labor. B. marginal cost of one extra unit of output. C. price of the product. D. average cost of each unit of output.
Junkfood Jill spends all of her income on jellybeans and cola. Suppose that Jill's income is $30, the price of a bag of jellybeans is $6, and the price of a bottle of cola is $2
If bags of jellybeans are graphed along the vertical axis and bottles of cola are graphed along the horizontal axis, what is the slope of the budget line? A) 3 B) -3 C) 1/3 D) -1/3
Who decides control of a corporation?
What will be an ideal response?
Fast Stop, a gasoline and grocery quick mart, charges $3 for one hot dog and $5 for two hot dogs. This is an example of ________.
A) an all-or-nothing offer B) third-degree price discrimination C) second-degree price discrimination D) two-part pricing