The Sherman Antitrust Act of 1890
A. limited mergers that would substantially lessen competition or tend to create a monopoly.
B. made tying contracts illegal.
C. banned price discrimination.
D. made illegal every conspiracy in restraint of trade or commerce among the several states.
Answer: D
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All else equal, a decrease in government borrowing is likely to cause a(n):
A) upward movement along the credit demand curve. B) rightward shift of the credit demand curve. C) leftward shift of the credit demand curve. D) downward movement along the credit demand curve.
MacDougall's results can be interpreted as
A) evidence against the classical model. B) evidence against the Heckscher-Ohlin model. C) support for the classical model. D) support for the Heckscher-Ohlin model.
If Ep is 2500 and Y is 3000, then companies will
A) reduce orders and production by 500. B) increase orders and production by 500. C) wait for final sales to increase. D) wait for final sales to decrease.
Using the above figure, the price facing the perfectly competitive firm in the long run will be
A. P1. B. P2. C. P3. D. P4.