The first phase of antitrust policy in the U.S. began with the passage of the Sherman Antitrust Act in 1890 . To judge a firm's action, the courts in this period used:

Unlike a perfect competitor, a monopolist faces the market demand curve

Indicate whether the statement is true or false

Which of the following statements about the circular flow model is false?

A) Consumers earn income by selling resources they own to businesses. B) Businesses supply goods and services to the household sector. C) Households supply resources to the business sector. D) Business firms buy goods and services from the household sector.