According to the rule of reason, when would the courts find a monopoly in violation of the Sherman Antitrust Act?
a. Always-monopoly is per se illegal under the rule of reason.
b. Only when the monopoly created negative externalities.
c. Only when the monopoly engaged in illegal business practices.
d. Only when the monopoly charged excessively high prices.
c
Economics
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In a prisoner's dilemma game, the Nash equilibrium is better for each player than is the cooperative solution
Indicate whether the statement is true or false
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When the Fed sells bonds in the open market, we can expect the
A) exchange rate to rise and interest rates to fall. B) exchange rate and interest rates to rise. C) exchange rate to fall and interest rates to rise. D) exchange rate and interest rates to fall.
Economics