When firms have had to defend themselves against the charge that they have adopted unjustifiably low prices either to drive a competitor out of business or to prevent the entry of a rival, they have been accused of

a. creating a trust.
b. conspiracy.
c. predatory pricing.
d. price discrimination.


c

Economics

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If a firm in a perfectly competitive market is producing at a level of output where marginal costs are less than marginal revenue, its profit:

A. must be positive. B. are maximized. C. will increase if it produces less. D. will increase if it produces more.

Economics

Production possibilities frontiers can be used to illustrate scarcity, trade-offs, opportunity cost, efficiency, unemployment, technological advances, and economic growth

a. True b. False Indicate whether the statement is true or false

Economics

Monetary policy is defined as:

A. The actions Congress takes to manage tax policy and interest rates B. The actions Congress takes to manage the money supply and interest rates C. The actions the federal reserve takes to manage the money supply and interest rates

Economics

If the economy is represented in the graph shown and is currently at point E1, what could be said about the state of the economy?

A. The unemployment rate is zero. B. There is higher unemployment than the natural rate. C. The unemployment rate is just about the natural rate. D. There is lower unemployment than the natural rate.

Economics