Which two pieces of legislation were passed in 1914?
a. Sherman Antitrust and Clayton Act
b. Clayton Act and Robinson-Patman Act
c. Robinson-Patman Act and Celler-Kefauver Act
d. Clayton Act and Federal Trade Commission Act
e. Sherman Antitrust Act and Federal Trade Commission Act.
d
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The term structure is usually defined with yields on which securities?
A) corporate bonds B) commercial paper C) U.S. Treasury securities D) municipal bonds
If the demand for a monopoly's output shifts leftward, the change in quantity produced is NOT predictable because
A) the monopoly is a profit maximizer. B) the monopoly is a price taker. C) the monopoly has no supply curve. D) the monopoly's marginal cost curve might not be upward sloping.
The typical firm in perfect competition is
A. a fast food restaurant chain. B. an electrical power company. C. a farm. D. an airline.
A Lerner index of 0 suggests:
A. monopolistic competition. B. oligopoly. C. monopoly. D. perfect competition.