A table that shows the possible payoffs each firm earns from every combination of strategies by all firms is called

Refer to Figure 4-5. Suppose that instead of a price ceiling, the government imposed a price floor of R1. What area represents the deadweight loss after the imposition of the price floor?

A) C + E + J + H B) G + H C) J + H D) C + E

Enforcement of antitrust laws is the responsibility of

a. only the Department of Justice b. only the Federal Trade Commission c. only the Antitrust Division d. both the Justice Department and the Federal Trade Commission e. the President