Our merchandise balance of trade has been negative since the

How do you think the theory of contestable markets has been used as a means of arguing for weaker enforcement of antitrust laws? Explain

What will be an ideal response?

Which of the following is a Nobel Prize winning economist who argued that theories should be tested based on the validity of their predictions?

A) Milton Friedman. B) Ben Bernanke. C) Alan Greenspan. D) Larry Summers.