A scatter diagram could help a policy maker decide on the size of a tax cut necessary to increase consumer expenditures by a certain amount.

The English system of market overt and fairs

(a) were initially transferred to American shores where goods and services could be bought and sold legally without an official witness (b) flourished in the late colonial economy because of their foundation of protective regulations. (c) replaced the rule of caveat emptor in colonial America because they covered fraud. (d) firmly planted themselves in colonial America and continue to guide market transactions today.

The strategy of establishing a price that prevents the entry of new firms is called:

A. Cartel pricing B. Limit pricing C. Price leadership D. Profit maximizing price