One reason fewer antitrust cases have been brought before the courts is:
A. globalization has changed the competitive landscape.
B. more and more firms are platform businesses.
C. goods prices have declined.
D. consumers have lost political power.
Answer: A
You might also like to view...
If, in response to a decrease in the price of coffee, the quantity of coffee demanded increases, economists would describe this as
A) an increase in consumers' taste for coffee. B) an increase in quantity demanded. C) a change in consumer income. D) an increase in demand.
Consider the following statements when answering this question. I. If no consumer has a kinked demand curve for CDs, then the market demand curve for CDs cannot be kinked either. II
If at a price of $10, every consumer has inelastic demand, then at that price the market demand for CDs will be inelastic too. A) I and II are true. B) I is true, and II is false. C) I is false, and II is true. D) I and II are false.
If a lump-sum tax of $40 billion is levied at each level of income and the MPC is 0.75, then the saving schedule will shift
A. downward by $25 billion. B. downward by $10 billion. C. upward by $25 billion. D. upward by $10 billion.
Which of the following is true in a market economy?
A. Central planners determine answers to the basic economic questions. B. Resources are used efficiently. C. The distribution of wealth is equal. D. Information for production and distribution decisions pass directly to buyers from the government.