The Clayton Act outlawed tying contracts.

The new growth theory's comparison of the economy to a perpetual motion machine implies that

A) overpopulation will eventually overtake the resources of the planet. B) technology changes just happen. C) permanent growth is not possible. D) the economy will forever create and destroy jobs. E) labor productivity has no influence on the economy.

Suppose that in a perfectly competitive industry the equilibrium industry quantity is 10,000 units. Suppose that the monopoly output is 5,000 . For a 2-firm Cournot Oligopoly (N =2) known as a duopoly, what is a likely Cournot QUANTITY for the industry?

a. 3,000 units b. 5,000 units c. 6,667 units d. 10,000 units e. 15,000 units