According to the special interest theory, the licensing of beauticians would be
a. desired by consumers in order to promote the public interest
b. desired by beauticians in order to promote the public interest
c. discouraged by all beauty salons, large or small
d. desired by some beauticians in order to restrict entry into their profession
e. done strictly at the initiative of the government
D
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Which of the following is FALSE?
a. The Robinson-Patman act is a part of the antitrust laws b. Under the Robinson-Patman act it is illegal to give a price discount on goods sold to another business c. Under the Robinson-Patman act, it is illegal to give a price discount on goods sold to final customers d. Under the Robinson-Patman act, the only discount allowed is the one based on difference in servicing costs of different groups
If a decrease in the price of a good causes a rightward shift of the demand curve for that good, then it is an inferior good
a. True b. False