Under a per se approach to the antitrust laws,
a. the government must prove some anticompetitive outcome from the act.
b. large size alone can be an antitrust violation.
c. the action will pass antitrust scrutiny if it is shown to be reasonable.
d. the only real question is whether the prices charged are reasonable.
e. the courts have ruled antitrust laws unconstitutional
b
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Which of the following does NOT shift the supply curve?
A) a technological advance B) a decrease in the wages of labor used in production of the good C) a fall in the price of a substitute in production D) an increase in the price of the good
Technological change that makes it easier to produce in a "cleaner" fashion would cause
A) the marginal cost curve of pollution abatement to shift left, increasing the degree of air quality. B) the marginal cost curve of pollution abatement to shift right, increasing the degree of air quality. C) the marginal benefit curve of pollution abatement to shift right, increasing the degree of air quality. D) the marginal benefit curve of pollution abatement to shift left, increasing the degree of air quality.