The Sherman Act
a. prohibited restraint of trade
b. created the Federal Trade Commission
c. prohibited fraudulent advertising
d. regulated the railroads
e. exempted insurance companies from antitrust law
A
Economics
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Monopolies are always large firms with great economies of scale
a. True b. False Indicate whether the statement is true or false
Economics
If a market basket was defined in 2014 and it cost $10,000 to purchase the items in that basket in 2014, while it cost $12,000 to purchase those identical goods in 2015, then the price index for 2015 is
A. (12000/10000)*100=120. B. 100. C. (10000/12000)*100=83.33. D. unknown given this data.
Economics