Say's Law states that:
A. Increased prices lead to increased supply.
B. Opportunity costs will always increase.
C. Supply creates its own demand.
D. High prices cause unemployment.
C. Supply creates its own demand.
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A company promotes a 'buy one, get one free' offer such that customers who purchase one unit of the product can get a second unit for free. The legality of the practice will be evaluated under Section ________ of the Clayton Act.
A) 2 B) 3 C) 8 D) 7
Quick Buck and Pushy Sales produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product. 
If Quick Buck and Pushy Sales decide to collude and work together as a monopolist with each firm producing half the quantity demanded by the market at the monopoly price, then what will be Quick Buck's economic profit?
A. $4,000 B. $3,000 C. $2,000 D. $1,000
For barter exchange to take place,
A. the products in question have to be divisible. B. money has to be used to put a value on the transaction. C. there has to be a double coincidence of wants. D. gold has to be one of the goods traded.
Refer to the given data. This firm is selling its product in:
A. an imperfectly competitive market at prices that decline as sales increase.
B. a purely competitive market at $3 per unit.
C. a purely competitive market at $2 per unit.
D. an imperfectly competitive market at $3 per unit.