What has been the recent view of antitrust laws?
What will be an ideal response?
Court decisions over the past twenty years have swung back to the rule of reason and away from a strict structuralism view of antitrust that would break up companies with large market shares. They have roughly adhered to a “90–60–30 rule” in defining monopoly. In the recent Microsoft case, it was not Microsoft’s large market share that was ruled illegal in the final settlement but Microsoft’s anticompetitive practices and behavior.
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A bubble is best defined as
a. an increase in the price of an asset resulting from fundamentals causes. b. an increase in the price of an asset resulting from factors other than fundamentals causes. c. a decrease in the price of an asset resulting from fundamentals causes. d. a decrease in the price of an asset resulting from factors other than fundamentals causes.
Provide several examples of important taxes on labor in the United States. For a typical worker, what is the marginal tax rate on labor income once all the labor taxes are summed?
Which of the following statements is false?
A) The sum of the unemployment rate and the employment rate always equals 100 percent. B) The sum of the number of employed persons and the number of unemployed persons equals the civilian non-institutional population. C) The labor force participation rate equals the number of persons in the civilian labor force divided by the number of persons in the total population. D) a, b, and c
Which of the following terms is used to describe a situation in which the price of an asset rises above what appears to be its fundamental value?
a. "random walk"
b. "random bubble"
c. "speculative bubble"
d. "speculative hedge"