The main purpose of antitrust law is to
A) prohibit monopoly practices such as restricting output.
B) regulate advertising.
C) encourage the formation of cartels.
D) regulate the stock and bond markets.
A
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By selling products in both retail stores and outlet stores, firms can increase their profits by charging ________ prices to consumers with a low price elasticity of demand and ________ prices to consumers with a higher price elasticity of demand
A) higher; lower B) lower; lower C) higher; higher D) lower; higher
Inheritance is responsible for about ________ percent of the income inequality in the United States
A) 10 B) 25 C) 40 D) 60
You hold currency from a foreign country. If that country has a higher rate of inflation than the United States, then over time the foreign currency will buy
a. more goods in that country and buy more dollars. b. more goods in that country but buy fewer dollars. c. fewer goods in that country but buy more dollars. d. fewer goods in that country and buy fewer dollars.
Which of the following is included in M2?
A. commercial paper B. savings accounts C. U.S. Treasury bonds D. stocks