If a firm with two large plants installs a large, custom built packing machine in each of its plants, the custom packing machine is an example of ________.

The 1890 Sherman Antitrust Act makes it illegal for firms to:

a. raise prices in an attempt to increase profits. b. engage in tacit collusion. c. engage in price discrimination. d. behave together like a monopolist.

If the demand of a good is inversely related to income, it must be

A) a bad good. B) an inferior good. C) a normal good. D) an everyday product.