A law that prohibits certain kinds of market behavior such as monopoly and monopolistic practices is called ________
A) a consumer surplus law
B) a trust law
C) an antitrust law
D) an anti-monopoly law
C
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Examples of comparative advantage often begin with two countries that each produce the same two goods
Each country is then shown to have a comparative advantage in producing the good it can produce at a lower opportunity cost, and specializes in the production of the good for which it has a comparative advantage. How do these examples prove that both nations are made better off as a result of trade than they would be without trade?
Expansionary fiscal policy involves
A) decreasing the money supply and increasing interest rates. B) increasing taxes or decreasing government purchases. C) increasing the money supply and decreasing interest rates. D) increasing government purchases or decreasing taxes.