Which of the following is true of Antitrust policy?
a. Antitrust policy prohibits agreements that allow free trade.
b. Antitrust policy restricts abusive behavior by a firm dominating a market.
c. Antitrust policy allows anti-competitive practices.
d. Antitrust policy restricts subsidies in goods and services.
e. Antitrust policy creates trade barriers like tariffs and quota.
b
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Unions do not need to worry about the effects of greater employment numbers on the wage rate.
Answer the following statement true (T) or false (F)
Which of the following statements is true?
A. TC = TFC ? TVC B. AVC = TC / Q C. TFC = TC ? TVC D. MC equals the change in ATC divided by the change in Q.
Which issue type of environmental problem is least-easily solved?
A. One that is entirely confined to a single property owned by an individual. B. One that is global. C. One that is entirely confined to a single community. D. One that is entirely confined to a single country.
Suppose that there are two firms, each generating three tons of SO2. Suppose also that the government has set a target abatement level of two tons. Under a policy of uniform abatement with permits, each firm would receive:
A. two non-transferable pollution permits. B. two pollution permits which they could sell to each other. C. one pollution permit with a value equal to that firm's cost of abating one ton of SO2. D. one pollution permit with a value equal to the market price for a pollution permit.