Under a per se approach to the antitrust laws,
a. the government must prove some anticompetitive outcome from the act.
b. large size alone can be an antitrust violation.
c. the action will pass antitrust scrutiny if it is shown to be reasonable.
d. the only real question is whether the prices charged are reasonable.
e. the courts have ruled antitrust laws unconstitutional
b
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The deadweight loss due to a ________ is always smaller than the deadweight loss due to a ________
A) tax on each unit sold; per unit tax on each unit bought B) per unit tax on each unit sold; per unit tax on each unit bought C) tax on each unit sold; lump-sum tax D) lump-sum tax; tax on each unit bought
During recessions which type of spending falls?
a. consumption and investment b. investment but not consumption c. consumption but not investment d. neither consumption nor investment
The leaders of a major technology firm are optimistic, and they decide to sell more shares of stock and build some new facilities. Based on their actions, it is most likely that the securities market is ______.
a. falling quickly b. rising quickly c. having mixed results d. bottoming out
In economics, scarcity means that
A. A shortage of a particular good will cause the price to fall. B. The market mechanism has failed. C. Society's desires exceed resources available. D. A production possibilities curve cannot accurately represent the trade-off between two goods.