The goal of antitrust acts is to
A. protect consumers.
B. protect firms.
C. limit profits of companies.
D. reduce competition.
Answer: A
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Refer to the Article Summary. Economists refer to an increase in sales due to celebrity endorsements as being the result of
A) social influence. B) the ultimatum game. C) network externalities. D) the endowment effect.
The demand curve facing the firm in ____ is the same as the industry demand curve
a. pure competition b. monopolistic competition c. oligopoly d. pure monopoly e. none of the above
What is the ratio of a pound of yellow squash @ $ .40 a pound and a pound of butternut squash @ $1.20 a pound?
A. 1 to 4 B. 1 to 3 C. 1 to 2 D. 1 to 1
Economic rent applies to
A. land only and nothing else. B. any resource in fixed supply. C. real property only. D. all resources.