Antitrust action in the United States
a. has followed an inconsistent pattern of enforcement
b. has always provided specific guidelines for acceptable behavior
c. applies only to natural monopolies
d. involves suing a competitive firm for changing its prices
e. provides protection to those in regulated industries
A
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If Country A's real GDP per person is growing at 6 percent and Country B's real GDP per person is growing at 3 percent, then
A) the standard of living is higher in Country A. B) the standard of living is higher in Country B. C) the standard of living is growing more rapidly in Country A. D) We cannot say whose standard of living is growing more rapidly without knowing the population growth rate. E) We cannot say whose standard of living is growing more rapidly without knowing the growth rate of real GDP.
The marginal rate of substitution is the rate at which a person is willing to substitute one good for another good while remaining on the same indifference curve
Indicate whether the statement is true or false