In which of the following sets of antitrust cases did the government gain convictions?
A. The U.S. Steel case and the Microsoft case.
B. The Alcoa case and the Microsoft case.
C. The DuPont cellophane case and the AT&T case.
D. The U.S. Steel case and the Alcoa case.
Answer: B
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For a firm, its labor costs are
A) a marginal benefit. B) a private cost. C) an external cost. D) Both answers A and C are correct. E) Both answers A and B are correct.
The above figure shows the U.S. market for wheat. When there is no international trade, consumer surplus is equal to ________
A) area A + area B + area C B) area A C) area E + area F D) area B + area C + area D E) area A + area B + area C + area D
In the United States, consumers usually pay ________ than the true cost of medical treatment because of ________
A) more; adverse selection B) less; rising insurance deductibles C) less; third-party payers D) more; rising insurance premiums
An income tax is a tax:
A. charged on the earnings of individuals and corporations. B. on income earned by buying investments and selling them at a higher price. C. on the wages paid to an employee. D. charged on the value of a good or service being purchased.