The main goal of antitrust policy is to
A) encourage firms to produce at the MR = demand level.
B) regulate natural monopolies.
C) prevent the monopolization of industries.
D) prevent the nationalization of industries.
Answer: C) prevent the monopolization of industries.
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Suppose on any given day the prevailing equilibrium federal funds rate is above the Federal Reserve's federal funds target rate
If the Federal Reserve wishes for the federal funds rate to be at their target level, then the appropriate action for the Federal Reserve to take is a ________ open market ________, everything else held constant. A) defensive; sale B) defensive; purchase C) dynamic; sale D) dynamic; purchase
Tracy and Amy are playing a game in which Tracy has the first move at X in the decision tree shown below. Once Tracy has chosen either the top or bottom branch at X, Amy, who can see what Tracy has chosen, must choose the top or bottom branch at Y or Z. Both players know the payoffs at the end of each branch.
If before Tracy chose, Amy could make a credible commitment to choose either the top or bottom branch when her turn came, then we would expect Tracy to get a payoff of ________ and Amy to get a payoff of ________.
A. 300; 200 B. 75; 150 C. 25; 225 D. 125; 125