The 60 percent rule states that __________________________.
Fill in the blank(s) with the appropriate word(s).
If a firm has a share of at least 60% of the relevant market and, should that firm have behaved badly toward its competitors, it will be subject to prosecution
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How do taxes and needs-tested spending programs work as automatic fiscal policy to dampen the business cycle?
What will be an ideal response?
When the government attempts to improve equality in an economy the result is often
a. an increase in overall output in the economy. b. additional government revenue since overall income will increase. c. a reduction in equality. d. a reduction in efficiency.
Which of the following will occur if the price level is below the equilibrium level?
A. Consumers will bid the price level up by competing for goods B. The quantity demanded will increase as the price level increases C. The quantity supplied will decrease as the price level increases D. Producers will bid the price level down by competing for buyers
Firms that automatically enroll their employees in retirement plans, giving them the option to opt-out instead of to opt-in, is an example of a form of behavioral economics known as
A) the endowment effect. B) network externality. C) nudges. D) anchoring.