Price discrimination that substantially lessens competition is prohibited by the Clayton Act

A firm's demand curve for labor slopes downwards because

A) firms supply less labor as the wage rate rises. B) of rising marginal product. C) workers supply less labor services as the wage rate falls. D) of the law of diminishing marginal returns.

The large number of banks in the United States is an indication of

A) vigorous competition within the banking industry. B) lack of competition within the banking industry. C) only efficient banks operating within the United States. D) consumer preference for local banks.