Antitrust laws attempt to promote competition by controlling
a. market structure only
b. market conduct only
c. market structure and performance
d. market structure and conduct
e. market structure, conduct, and performance
D
Economics
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Assume that when price is $20, quantity demanded is 9 units, and when price is $19, quantity demanded is 10 units. Based on this information, what is the marginal revenue resulting from an increase in output from 9 units to 10 units?
A) $20 B) $19 C) $10 D) $1
Economics
Given that all countries have the same Cobb-Douglas production function, i.e. Y/N = (K/N)b, where b = 0.5, then a ten-fold difference in per capita income requires a difference in capital per capita by a factor of
A) 10. B) 100. C) 1000. D) 10,000.
Economics