Which of the following is NOT a form of antitrust policy?
A. regulation of business practices
B. blocking mergers
C. breaking up monopolies
D. price controls
Answer: D
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Refer to Figure 15-17. You are a member of a student government and are asked to recommend a price for the course and you argue: "I think the college should charge a price so that it just breaks even on the course" How much profit (or loss) will the college make on the course if it charges this price?
A) -$2,592,000 B) -$1,080,000 C) $0 D) $450,000
Table 13.1XYZ Bank Balance SheetAssetsLiabilitiesTotal reserves$100,000Transactions accounts$400,000Loans300,000??Refer to Table 13.1. If XYZ Bank has a required reserve ratio of 10 percent and loan proceeds are not redeposited, it can legally increase its loans by
A. $10,000. B. $60,000. C. $40,000. D. $20,000.
At market equilibrium, the total benefit that results from all the transactions is
A. the sum of the producer surplus and the consumer surplus. B. the consumer surplus minus the producer surplus. C. the entire area under the demand curve up to the quantity exchanged. D. the producer surplus minus the consumer surplus.
It is more difficult to analyze a monopolistically competitive market than a perfectly competitive market because in a monopolistically competitive market:
A) products are differentiated, which results in nonprice competition. B) a normal profit in the long run is normal. C) there is only one firm. D) firms are characterized by mutual interdependence.