Explain the difference between the per se and "rule of reason" standards of the antitrust laws
Antitrust laws treat agreements that could lessen competition using a "rule of reason" standard intended to balance the possible competitive benefits it produces against the potential costs. Agreements like "naked" price fixing are per se violations of antitrust law, automatically treated as illegal if detected.
Economics
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A graph has a point that is either a maximum or a minimum. To the left of the point, the slope of relationship is positive. To the right of the point, the slope is negative
Is the point a maximum point or a minimum point? Be sure to draw a figure that supports your answer.
Economics
According to the article, the best description of Canada's position in the business cycle is
A) at a peak. B) at a trough. C) in an expansion. D) in a recession.
Economics