Related to the Economics in Practice on p. 294: In the price-fixing case against the Taiwanese firm AU Optronics, the DOJ claimed that the price fixing resulted in ________ paying more for products with LCD screens.
A. businesses
B. government agencies
C. consumers
D. All of the above are correct.
Answer: D
You might also like to view...
What best determines the price a price searcher will charge?
A) Reputation B) Demand C) Revenue D) Cost
When a firm is experiencing economies of scale
A) the MP curve slopes upward. B) the LRAC curve slopes downward. C) diminishing returns to labor have been suspended. D) the MC curve slopes downward.
A good measure of a country's level of economic integration with a currency area is
A) the intersection of DD and GG. B) the country's price level. C) the compatibility of economic policies. D) the intersection of AA and GG. E) the extent of trade between the joining country and the currency area and the ease with which labor and capital can migrate between the joining country and the currency area.
In many countries, laws regarding firing and hiring mainly affect businesses with 50 or more workers. What effect has this had on the businesses?
a. More businesses have 49 or fewer workers. b. Fewer businesses have 49 or fewer workers. c. It has no effect on employment decisions. d. Businesses grow faster to lower the costs of these laws.