Which business practice is rarely challenged by the government under antitrust laws?
A. Price fixing
B. Tying contracts
C. Price discrimination
D. Interlocking directorates
C. Price discrimination
You might also like to view...
The classically-based models (classical, new classical, monetarist, real business cycle) all agree that
a. markets always clear. b. monetary policy can affect output in the short-run but not the long-run. c. changes in aggregate drive most changes in output. d. stabilization policy is ineffective. e. None of the above
Given that the firm offers both the products, what is the maximum price it can charge for the high-end wok to have the chefs only buy the high-end wok?
a. $70 b. $80 c. $90 d. $100
Which statement uses the term ceteris paribus correctly?
A) If you exercise regularly, you will be healthier, ceteris paribus. B) Blue is to green, ceteris paribus, as red is to purple. C) Most people consider Sunday to be the first day of the week, ceteris paribus. D) Interest rates usually rise in October, ceteris paribus. E) a and d
Joaquin's marginal utility from an additional slice of pumpkin pie is 4 utils and his marginal utility from an additional slice of pecan pie is 6 utils. If a slice of pumpkin pie costs $2.50, and a slice of pecan pie costs $3.00, then Joaquin:
A. should reallocate his spending towards pecan pie and away from pumpkin pie. B. should reallocate his spending towards pumpkin pie and away from pecan pie. C. is maximizing his utility. D. should spend more on pumpkin pie and more pecan pie.