Some business practices that appear to reduce competition, such as resale price maintenance, may have legitimate economic purposes

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

True

Economics

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To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment. Referring to the above figure, the area that equals the tax revenue the government raises from this tax on sports equipment is

A) P1P3ed. B) ecd. C) P0P2ca. D) P1P2cb.

Economics

Based on the production and revenue data in the above table, what is the marginal product of the 4th worker?

A) 28 B) 6 C) 4 D) 2

Economics