According to your authors, which action below clearly restricts competition?
A) A large firm raises its price.
B) A large firm lowers its price.
C) Government deregulates an industry.
D) Antitrust legislation restricting other suppliers from entering into a market.
D
Economics
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In the above figure, the market is at its equilibrium. Area A + area B is equal to
A) consumer surplus. B) total revenue. C) total surplus. D) marginal benefit. E) producer surplus.
Economics
A Gini coefficient is a measure of
a. age dispersion b. the ratio of income to wealth c. social security d. the ratio of government spending to GDP e. income distribution
Economics