Assume the price elasticity of demand for a product is -4. In this case, the firm's optimal markup is (approximately):

One major consequence of the federal government's deregulation of the trucking industry was

A) a sudden and large financial loss for owners of trucking firms. B) fewer jobs for truck drivers. C) higher prices paid by shippers. D) less competition for railroads and barge lines. E) predatory pricing in the trucking industry.

Since the 1980s, the Congressional budget has allocated substantial funds to antitrust investigation and enforcement, which is why the Antitrust Division of the Department of Justice is one of the most vigorous agencies of government today

Indicate whether the statement is true or false