The Clayton Act
A. made tying contracts illegal and banned price discrimination.
B. called for the establishment of the Federal Trade Commission.
C. banned the use of barriers to entry to prevent monopolization.
D. declared monopoly and trade restraints illegal.
Answer: A
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The table above shows the marginal costs and marginal benefits of college education. The marginal private benefit of college education at the efficient amount of enrollment is
A) $20,000 per year. B) $16,000 per year. C) $12,000 per year. D) $14,000 per year.
The sum of the value added at all stages of production for a product is
A. the product's final price. B. the sum of all the transactions in the production of the product. C. the product's price minus the value of intermediate goods. D. the product's price plus the value of intermediate goods.