The legislation which outlawed price discrimination for the purpose of reducing competition was the:

Refer to Scenario 2. By examining the t-statistics associated with the regression coefficients, at the 5 percent significance level, which of the two independent variables are statistically different from zero?

What will be an ideal response?

If a firm shuts down in the short run,

a. it exits the industry b. losses would equal its variable costs c. losses would equal its fixed costs d. profits would be zero e. losses would equal to zero