The Sherman Antitrust Act
A. called for the establishment of the Federal Trade Commission.
B. made tying contracts illegal and banned price discrimination.
C. limited mergers that would substantially limit competition.
D. declared monopoly and trade restraints illegal.
Answer: D
Economics
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Collective action is successful to the extent that it improves the welfare of those who participate in it
a. True b. False
Economics
If a fishing boat owner brings 10,000 fish to market and the market price is $7 per fish, she will have $70,000 in total revenue. If the average variable cost of 10,000 fish is $4 and the fixed cost of the boat is $20,000 . what is her profit?
a. $1. b. $3. c. $1,000. d. $3,000. e. $10,000.
Economics