The Cold War, or "war on communism,"
a. was the most expensive war of the twentieth century.
b. is believed to have caused an increase in defense spending that came at the expense of private consumption rather than private investment.
c. is believed to have caused an increase in defense spending that came at the expense of private investment rather than private consumption.
d. Both a and b are correct.
e. Both a and c are correct.
d. Both a and b are correct.
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If a firm offers quantity discounts or special promotional allowances only to favored distributors and the effect is to substantially lessen competition, then it is in violation of the:
a. Clayton Act. b. Robinson-Patman Act. c. Sherman Antitrust Act. d. Federal Trade Commission Act. e. Celler-Kefauver Act.
Refer to the diagrams. The firm:
A. is a monopsonist in the hiring of labor.
B. must be selling its product in an imperfectly competitive market.
C. is a "wage taker"
D. must pay a higher marginal resource cost for each successive worker.