Scherer (1970) provides which of the following argument(s) to explain the appearance of antitrust laws?
(a) Many farmers believed that the growth of big business came at the expense of growth in agriculture.
(b) Many ordinary individuals with moderate or low incomes were envious of the fame
and wealth accumulated by the relatively few industrial entrepreneurs.
(c) Falling costs in transportation resulted in growth of the optimal size of the firm.
(d) All of the above.
(d)
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Factors likely to cause a financial crisis in emerging market countries include
A) severe fiscal imbalances. B) decreases in foreign interest rates. C) a foreign exchange crisis. D) too strong oversight of the financial industry.
In the very short-run period,
A. the price elasticity of supply is very elastic. B. the price elasticity of demand is very elastic. C. the cross elasticity of demand is very inelastic. D. the price elasticity of supply is very inelastic.
Traditional job analysis has been associated with _____ organizations.
A. loosely-coupled B. bureaucratic C. matrix D. global
If Harold runs a grocery store and is making a normal rate of return, we can infer that he is also making an economic profit.
Answer the following statement true (T) or false (F)