The antitrust legislation that made it illegal for a firm to buy a competitor's voting stock was the

The demand for a good is inelastic if, when its price rises,

A) the demand falls. B) the quantity demanded falls. C) the quantity demanded increases. D) total dollar expenditure on the good decreases. E) total dollar expenditure on the good increases.

The firm’s average cost curve is the result of cost minimization in the use of fixed inputs.

Answer the following statement true (T) or false (F)