U.S. antitrust laws view monopolies as undesirable because

A. monopolies restrain trade and promote inefficiencies.
B. monopolies create inferior products.
C. monopolies produce only cheap, low quality goods.
D. monopolies produce only capital goods.


Answer: A

Economics

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Are "smart cards" or E-cash cards part of the money supply?

a. Yes, because they can be given away to make a payment. b. Yes, because they will soon completely replace cash. c. No, because they are not issued by banks. d. No, because they are merely means to transfer checking deposits.

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Changes in supply and demand in the labor market will cause changes in wages

a. True b. False Indicate whether the statement is true or false

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Refer to the graph shown. If the seller expects a price of $52, the minimum amount the firm must produce to be profitable is:

A. 18. B. 16. C. 17. D. 15.

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