If a firm is experiencing an economic loss in the long run, then
a. it must be experiencing an accounting loss
b. it should stay in business if it can cover its fixed costs
c. the market must be too large
d. it should exit from the industry
e. price exceeds marginal cost
D
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Under the Clayton Act,
a. the same person cannot sits on the boards of directors of competing corporations b. mergers are illegal c. price discrimination is illegal d. monopoly is illegal e. the Sherman Act was repealed
During the Great Depression of the 1930s, the aggregate demand curve intersected the aggregate supply curve on
a. the horizontal segment of the aggregate supply curve b. the upward-sloping segment of the aggregate supply curve c. the vertical segment of the aggregate supply curve d. both the horizontal and vertical segments e. both the upward-sloping and vertical segments