Market consumer surplus
A) is the area under the demand curve and above market price, up to the quantity actually bought.
B) is equal to total market revenue minus cost.
C) does not depend on the quantity sold.
D) is the area under the market price and above the marginal cost curve.
A
Economics
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The textbook authors claim
A) diabetics don't need insulin. B) diabetics don't want insulin. C) diabetics face no substitutes for insulin. D) diabetics can't find insulin at a fair price. E) none of the above.
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Which of the following acts prohibits directors of one company from sitting on the board of a competitor?
a. Sherman Act b. Federal Trade Commission Act c. Robinson-Patman Act d. Clayton Act
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