Tsintah weaves traditional Navaho rugs. She weaves and sells 50 rugs. Her average cost of production per rug is $50 . She sells each rug for a price of $65 . Tsintah's total revenues are

What is the key incentive that motivates a manufacturer to sell its products?

a. making profits on sales b. pleasing the consumer c. putting others out of business d. popularity of the product

The Celler-Kefauver Act of 1950:

a. amended the Sherman Act to outlaw price fixing where the effect is to lessen competition b. created the Interstate Commerce Commission. c. prohibited conglomerate mergers where the effect is to lessen competition. d. prohibited a firm from acquiring the assets of another firm where the effect is to lessen competition.