In which of the following sets of antitrust cases did the government gain convictions?
A. The U.S. Steel case and the Microsoft case.
B. The Alcoa case and the Microsoft case.
C. The DuPont cellophane case and the AT&T case.
D. The U.S. Steel case and the Alcoa case.
Answer: B
Economics
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Which of the following would most likely be part of the study of microeconomics?
A) how General Motors makes decisions regarding its production goals B) national income C) the total economic output of our domestic economy D) overall price stability in the United States
Economics
A monopolist finds out that if he lowers his price from $10 to $8, sales rise from 100 units to 115 units. Therefore, in this price range,
a. marginal revenue is positive. b. marginal revenue is negative. c. the price elasticity of demand is greater than one. d. both a and c are correct.
Economics