If the courts apply the rule of reason criterion to a firm that dominates a market but does not engage in anticompetitive behavior, it would not find the firm to be in violation of the antitrust laws

If the demand curve a monopolist faces is perfectly elastic, then the ratio of the firm's price to the marginal cost is

A) 0. B) 1. C) 2. D) None of the above—the answer cannot be determined.

The United States suffers more from strikes than Japan but fewer strikes than Canada

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