Given the consumption equation C = $500 billion + 0.80Y, an increase in national income from $6,000 billion to $7,000 billion will cause consumption to increase by

Which of the following is illegal under the Sherman Antitrust Act?

a. Attempts to monopolize. b. Price fixing. c. Formation of cartels. d. All of these are illegal under the Sherman Antitrust Act.

In order to obtain a conviction for price fixing under the Sherman Antitrust Act, the government needs to prove:

a. only that an attempt to fix prices was made. b. that there was a price-fixing agreement that actually lessened competition. c. that there was a high concentration ratio for the industry. d. all of these.