A copyright is a source of:
A) legal market power.
B) natural market power.
C) regulated market power.
D) competitive market power.
A
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Which of the following would be illegal under the Robinson-Patman Act?
a. Ford and General Motors meet to fix the price of cars. b. Computer makers form a cartel. c. General Mills and Kelloggs decide to merge. d. Exxon sells gas at a higher wholesale price to independent gas retailers than to Exxon retailers. e. Exxon Oil and Mobil Oil elect the same person to their boards of directors.
The United States corporate income tax is progressive.
Answer the following statement true (T) or false (F)
________ of income redistribution argue that redistribution ________ those who, through no fault of their own, are unable to earn an adequate income.
A. Opponents; helps B. Proponents; harms C. Proponents; helps D. Opponents; harms
Which of the following is not an example of price discrimination?
a. Senior citizen discount at the movies b. Grocery coupons c. Children haircuts d. Charging a higher price for ice-cream during the summer and a lower price in the winter