Refer to Figure 7-3. If there was no quota, how many pounds of peanuts would domestic producers supply?

The Celler-Kefauver Act strengthened the nation's antitrust approach to merger enforcement by:

a. making all mergers illegal. b. making all conglomerate mergers illegal. c. creating the Federal Trade Commission. d. providing HHI guidelines the government could use to clarify antitrust enforcement. e. amending the Clayton Act to include the purchase of assets with cash of another company as a potential antitrust violation.

Economic behavior is always rational

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