Analyzing each action of a firm on a case-by-case basis to determine if it is in violation of the antitrust laws is generally called judgment by:

Consider the above figure. Autonomous consumption, in this scenario, is equal to

A) $30. B) $80. C) $60. D) $40.

In the short run, monopolistically competitive firms will maximize profits by:

A. playing strategic games like oligopolists. B. acting like monopolists. C. acting like perfectly competitive firms. D. None of these statements is true.