If a firm acquires the stock of a competing firm that causes a substantial lessening of competition, it would be in violation of the:

a. Clayton Act.
b. Robinson-Patman Act.
c. Sherman Antitrust Act.
d. Federal Trade Commission Act.
e. Interstate Commerce Act.

a

Economics

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Neither the supply of nor demand for a good is perfectly elastic or perfectly inelastic. So, imposing a tax on the good results in ________ in the price received and kept by sellers and a ________ in the price paid by buyers

A) a rise; rise B) a rise; fall C) a fall; rise D) a fall; fall E) no change; rise

Economics

The figure above shows that to make the price support work, the government buys ________ million tons of sugar beets

A) 10 B) 20 C) 30 D) 5 E) 15

Economics