For an inferior good, an increase in consumer incomes results in an increase in the quantity demanded of the good

Applying neoclassical theory to the housing market, a higher marginal product of (housing) capital may be caused by ________

A) higher expected household income B) the inability to buy as much housing at a higher price C) an expected increase in the relative price of housing D) a decrease in the cost of building new houses

Under a rule of reason approach, an act is illegal:

a. only if it is shown to result in an anticompetitive outcome. b. if two parties merge. c. if a firm engages in price discrimination. d. if two firms engage in price fixing. e. if two firms undertake a joint venture