Under the rule of reason, a U.S. firm with an 80 percent market share
a. will always be found in violation of the Sherman Antitrust Act
b. will never be found in violation of the Sherman Antitrust Act
c. may be found in violation of the Sherman Antitrust Act, depending on the firm's conduct
d. will always be found in violation of the Sherman Antitrust Act if there is only one other firm in the industry
e. will be found in violation of the Sherman Antitrust Act only if there is only one other firm in the industry
C
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The primary indicator of the Fed's stance on monetary policy is
A) the discount rate. B) the federal funds rate. C) the growth rate of the monetary base. D) the growth rate of M2.
A Lorenz curve that is perfectly straight indicates
A) that society is very rich. B) that a small portion of the population accounts for most of the income. C) that a large portion of the population accounts for most of the income. D) complete income equality.