During this century, court decisions on antitrust have:
a. changed from per se, to rule of reason, and back to per se.
b. changed from rule of reason, to per se, and back to rule of reason.
c. always emphasized per se.
d. always emphasized rule of reason.
e. varied from judge to judge without following any pattern.
b
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Repeated play can change the outcome in sequential games by:
A. reducing the first-mover advantage. B. removing the incentive to cooperate. C. making collusion more probable. D. increasing the incentive to defect.
When taxes are decreased, disposable income increases even though GDP is unchanged.
Answer the following statement true (T) or false (F)
In an oligopolistic industry, the price firms charge and the quantity they produce would be the same as if the industry were a monopoly if
A. the oligopolists collude. B. the market is contestable. C. the oligopolists behave as Cournot assumed. D. one of the oligopolists acts as a dominant firm price leader.
Refer to the information provided in Table 25.7 below to answer the question(s) that follow.Table 25.7
Refer to Table 25.7. Great Gazoo Bank's excess reserves are
A. $100,000. B. $200,000. C. $300,000. D. $700,000.