The basic federal "antitrust" law prohibiting combinations in restraint of trade and attempts to monopolize is the
A) Clayton Act.
B) Miller-Tydings Act.
C) Robinson-Patman Act.
D) Sherman Act.
E) Taft-Hartley Act.
D
Economics
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Which of the following is a bank liability?
a. Required reserves. b. Excess reserves. c. Actual reserves. d. Checkable deposits. e. Loans.
Economics
Which of the following statements is not correct?
a. The typical monopolistically competitive firm could reduce its average total cost if it produced more output. b. Monopolistically competitive firms advertise in order to increase the elasticity of the demand curve they face. c. Expensive advertising might help consumers if it is a signal that the product is good. d. Brand names acquired at great cost might help consumers by assuring quality.
Economics