In the U.S., charging monopoly-level prices
A) is evidence of a conspiracy.
B) is illegal.
C) is not necessarily illegal.
D) constitutes a per se violation.
C
Economics
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Suppose at the current level of labor used, MRP = $100 and MFC = $150. To maximize profits, the firm should
A) hire more labor. B) reduce the level of labor. C) maintain the current level of labor. D) expand production.
Economics
"One should never bother with WLS. Using OLS with robust standard errors gives correct inference, at least asymptotically." True, false, or a bit of both? Explain carefully what the quote means and evaluate it critically
What will be an ideal response?
Economics