If an average cost pricing rule is imposed on the firm in the figure above, the firm will produce

Rational expectations theory suggests that short-run stabilization policy

A) is best achieved with monetary policy. B) is best achieved with fiscal policy. C) is equally easy to achieve with monetary or fiscal policy. D) should not be attempted.

Which of the following is a violation of the antitrust laws?

a. A firm discussing/fixing price with its competitors b. Making arrangements to stay out each other's markets c. Merging with the competitor to eliminate competition d. All of the above