Which one of the following is not prohibited by the original Clayton Act?
A. The purchase of the stocks of rival firms that lessens competition.
B. The purchase of the assets of rival firms that lessens competition.
C. An exclusive dealer or tying agreements that lessen competition.
D. Price discrimination that lessens competition.
Answer: B
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____ yields the same results as the theory of perfect competition, but requires substantially fewer assumptions than the perfectly competitive model
a. Baumol's sales maximization hypothesis b. The Pareto optimality condition c. The Cournot model d. The theory of contestable markets e. none of the above
While equity funds are mostly made up of short-term U.S. government securities, money market funds are made up of bonds
a. True b. False Indicate whether the statement is true or false