The argument that an industry that is highly concentrated will act like an anti-competitive monopolist would support the case that the application of antitrust laws should be based on industry:
A. Mergers
B. Structure
C. Regulation
D. Behavior
B. Structure
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With a rent ceiling set below the equilibrium rent, i. all renters are able to rent apartments at a lower rent. ii. there is a shortage of apartments. iii. the quantity of apartments supplied does not change because buildings cannot be moved
A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
The growth successes of the high performance Asian economies
A) supports the belief that economic development requires import substitution policies. B) rejects the belief that export-oriented industrialization is likely to promote economic development. C) rejects the belief that economic development requires import substitution policies. D) suggests that free trade policies are required for successful economic development. E) enforces United States' hesitation to trade with developing countries.
What type of CPI bias occurs when consumers switch from buying groceries at their local supermarket to buying them at a discount warehouse like Costco?
a. new outlet b. new product c. quality d. substitution
What is true about the following payoff matrix? A: not cooperateA: cooperateB: do not cooperateA: 2, B: 2A: 1, B: 3B: cooperateA: 3, B: 1A: 0, B: 0
A. Only player A has a dominant strategy. B. Only player B has a dominant strategy. C. Both player A and player B have dominant strategies. D. Neither player A nor player B has a dominant strategy.