Consider the same monopoly situation as in the previous question. The monopoly price is

The Clayton Act of 1914 prohibits "every contract, combination, or conspiracy in restraint of trade" and any "monopolization, attempted monopolization, or conspiracy or combination to monopolize."

a. True b. False Indicate whether the statement is true or false

The United States relies heavily on markets and so cannot be characterized as a mixed economy.

Answer the following statement true (T) or false (F)