The per se rule refers to the interpretation of the courts that dominant firms should be broken up because of their:
A. market share of dominance.
B. history of illegal business practices.
C. price discrimination practices.
D. tying practices.
Answer: A
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Which of the following best defines "economies of scope"?
A) As output expands the cost of producing a good decreases. B) As output expands the cost of producing a unit of a good decreases. C) Because firms use specialized resources to produce a range of goods, as the number of products produced increases, the cost of producing a unit decreases. D) Costs increase as firms seek to find more consumers.
During the so-called wildcat banking period in the United States,
a. there was no central authority in the U.S. banking system. b. abusive banking practices were prevalent. c. the National Banking System provided bank note security. d. there was no central authority in the U.S. banking system AND abusive banking practices were prevalent.
The four components of aggregate demand include all of the following except
A. Saving. B. Net exports. C. Investment. D. Consumption.
Recall the Application about advertising in the milk industry to answer the following question(s).Recall the Application. With the "Got Milk?" advertising campaign, all milk producing firms benefit from the campaign, but no single firm has an incentive to pay for the campaign. This is an example of:
A. a prisoners' dilemma. B. an advertisers' dilemma. C. limit pricing. D. cartel behavior.