One problem that haunts most antitrust litigation is that:
a. the government seldom wins
b. the appearance of vigorous competition resembles acts that undermine competition.
c. it has the effect of preventing firms from being tough on their rivals.
d. the defendant firm may be destroyed.
b
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In order for a barter transaction to be successful, there must be a
A) federal tax law in effect. B) high demand for a certain item. C) market for the goods. D) double coincidence of wants.
If the quality and quantity of schooling for minorities increases, educational attainment will continue to be rewarded at the current rate
Indicate whether the statement is true or false
If government regulators force a natural monopoly to produce where price equals marginal cost, the monopoly will earn
a. a "fair return" b. positive economic profit c. zero economic profit d. negative economic profit e. greater economic profit than if it were unregulated
How will firms react to rising output price levels? What reactions can they expect from their employees and suppliers over time?