Market structure is determined mainly by the size of firms
Indicate whether the statement is true or false
F
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The Clayton Act of 1914
a. was too vaguely worded to reduce anticompetitive behavior significantly b. prohibited conspiracies in restraint of trade c. prohibited price discrimination that reduces competition and cannot be justified based on cost differences d. created the Federal Trade Commission e. prohibited firms from reducing prices too far
The revenue curves that a monopoly faces are different from those that a perfectly competitive firm faces in that the:
A. marginal revenue curve is downward sloping instead of flat. B. average revenue curve is no longer equal to price. C. marginal revenue curve is now flat instead of downward sloping. D. total revenue curve for a monopoly is linear.
In a free market, the price of housing adjusts to eliminate the shortages that give rise to undesirable landlord behavior
a. True b. False Indicate whether the statement is true or false
Which of the following was signed in Paris in 2015?
A. the Protocol on World Pollution B. the Zero Greenhouse Gas Agreement C. the Treaty on Global Warming D. the Agreement on Climate Change