The Sherman Act of 1890
A. exempted labor unions from antitrust prosecution.
B. included stringent enforcement provisions.
C. outlawed unfair business practices to exclude rivals from selling in markets.
D. outlawed all monopolies.
C. outlawed unfair business practices to exclude rivals from selling in markets.
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Given the information in the table shown, what is the average revenue when 24 units are produced?
This table shows price and quantity produced for a single firm in a perfectly competitive market.
A. $240
B. $10
C. $24
D. $2.40
An example of a poverty trap is:
A. the malnourished not having enough energy to develop their economy. B. the uneducated not knowing how to further develop their economy. C. those who do not have basic immunizations not being healthy enough to develop their economy. D. All of these are examples of poverty traps.
A firm's cost of production is affected by changes in
A. the available technology. B. input prices. C. profits. D. both a and b E. both b and c
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.