Which of the controversial business practices, resale price maintenance, predatory pricing, or tying, was a part of a long-running antitrust lawsuit against Microsoft and why?


The government accused Microsoft of tying sales of its Internet browser to it Windows operating system. The government claimed that Microsoft was illegally bundling the two products in order to expand its market power into the area of Internet browsers.

Economics

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The following table contains the actual prices charged by four Web sites for a 3D Collector's Edition Blu-ray disc of the movie Marvel's Avengers: Age of Ultron in November 2015

Amazon $24.99 Walmart 25.48 Best Buy 29.99 Disney Store 29.99 Explain whether the information in this table contradicts the law of one price.

Economics

The principal cause of the decline in the AFDC caseload between 1993 and 1997 was state-initiated reforms

Indicate whether the statement is true or false

Economics

After a positive demand shock, what are the expected long-run adjustments?

a. Wages fall, price level falls, and output falls back to potential. b. Wages rise, price level rises, and output falls back to potential. c. Wages fall, price level rises, and output rises back to potential. d. Wages rise, price level falls, and output falls back to potential. e. Wages rise, price level rises, and output rises.

Economics

According to the classical model, there is no need for government intervention in the economy. if the economy is left alone, full employment output will eventually occur

a. True b. False

Economics