Section 2 of the Sherman Act prohibits ________.
A) an attempt of one firm to become a monopoly through the use of unreasonably
exclusionary conduct
B) market division
C) price fixing
D) monopolies
A) an attempt of one firm to become a monopoly through the use of unreasonably
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The "greater fool" theory assumes that
A) markets are efficient. B) bubbles cannot exist in well-organized markets. C) it makes sense for an investor to buy an asset as long as there is someone else to buy it later for a higher price. D) bond market returns are always above stock market returns.
Use the above figure. The profit this monopolist earns is closest to
A) $3,000. B) $4,800. C) $1,600. D) $1,000.
According to behavioral economics, if people taking an exam were asked to guess the score they would receive, it would be most likely that
a. significantly more people would score below what they guessed than above what they guessed. b. significantly more people would score above what they guessed than below what they guessed. c. about the same number of people would score more than they guessed as scored less than they guessed. d. people's scores would be pretty close to what they guessed.
If the money supply curve is vertical, an increase in bond interest rates
A) is likely to cause banks to supply more money. B) is likely to cause banks to supply less money. C) has no effect on the money supply. D) is likely to cause the Federal Reserve to increase the money supply.