What is the average cost per unit for producing 3 units?
a. 200.
b. 260.
c. 70

One school of anti-trust thought argues that, rather than ensuring efficiency, anti-trust laws are really aimed at

A) protecting small independent firms against large corporations. B) outlawing all monopolies whether they perform "bad acts" or not. C) price differentiation due to differences in quality and cost. D) restricting interlocking directorates.

Since measurable factors such as years of experience and years of education explain less than half of the variation in wages, ability, effort, and chance must play a significant role in determining wages

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