The first piece of antitrust legislation in the United States to deal with price discrimination was the:
a. Clayton Act.
b. FTC Act.
c. Celler-Kefauver Act.
d. Robinson-Patman Act.
e. Sherman Antitrust Act.
a
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According to the authors of your text, a politician's interest in getting reelected
A) expands the politician's time horizon. B) leads the politician to concentrate on policies capable of generating short-run benefits. C) further encourages the politician to conform more to acting in the public interest. D) is based chiefly on selfish interest.
What are the characteristics of those who migrate to urban areas? What positive and negative effects does their leaving have on those who remain?
What will be an ideal response?
Which always increase(s) as output increases?
A) Marginal Cost only B) Fixed Cost only C) Total Cost only D) Variable Cost only E) Total Cost and Variable Cost
Assume that investment does not depend on the interest rate. A reduction in the money supply will cause which of the following for this economy?
A) no change in the interest rate B) no change in output C) a reduction in investment D) an increase in investment