A long-run aggregate supply curve may graphically be represented as a
A. horizontal line.
B. an upward sloping line.
C. vertical line.
D. a downward sloping line.
Answer: C
Economics
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At the current price of a good, Al's consumer surplus equals 15 and Ben's consumer surplus equals 15. By using two-part pricing, a monopolist could increase his profit by
A) 8. B) 16. C) 15. D) 30.
Economics
The antitrust legislation that made it illegal for a firm to pay cash for a competitor's patents, plant, and equipment was the:
a. Sherman Antitrust Act. b. Celler-Kefauver Act. c. Robinson-Patman Act. d. Clayton Act. e. FTC Act.
Economics