Business conduct that is illegal per se is illegal
a. only if there is no economic rationale for it
b. only if it results in a monopoly
c. without regard to its economic rationale or consequences
d. only if it is prohibited by the Clayton Act
e. whether or not Congress has passed legislation prohibiting the practice
C
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Which of the following is likely to shift the demand curve for carpenters leftward, assuming all else equal?
A) A fall in the wage rate of carpenters B) A fall in the price of the tools used by carpenters C) A rise in the wage rate of carpenters D) A rise in the price of the tools used by carpenters
If a bank receives a new transaction deposit of $10,000 and the reserve ratio is 5 percent, then the bank could expand its loans by as much as
A. $500. B. $200,000 C. $9,500. D. $10,000.