Which of the following practices is restricted by the antitrust laws of the United States?
a. Merger of smaller firms into a large firm
b. Entry of new firms in the long run
c. Standardization of products in a market
d. Exit of non-performing firms in the long run
e. Quality differentiation by competitive firms
a
Economics
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Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that Krystal's marginal benefit of staying open per hour is $30
If she is following the marginal principle, how many hours should Krystal stay open? A) 4 hours B) 5 hours C) 6 hours D) 7 hours
Economics
Inflation distorts the operation of our tax and financial system
Indicate whether the statement is true or false
Economics