In the United States, antitrust enforcement focuses on
A) the profitability of the leading firms in an industry.
B) the degree of market concentration within a market.
C) the average level of prices charged by firms.
D) the price-cost margin of an industry.
B
Economics
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Differentiate between perfectly elastic supply and perfectly inelastic supply. When the price of a good is $100, 50 units are supplied. When the price increases to $300, 250 units are supplied. Calculate the price elasticity of supply of the good
What will be an ideal response?
Economics
If an individual moves money from currency to a demand deposit account
A) M1 decreases and M2 stays the same. B) M1 stays the same and M2 increases. C) M1 stays the same and M2 stays the same. D) M1 increases and M2 stays the same.
Economics