To maintain their standard of living, most people rely on

As price increases, demand typically

a. becomes more elastic b. becomes less elastic c. does not change d. elasticity does not change

Antitrust enforcement of vertical relationships is generally focused on

a. The dominant firm using vertical contracts to extend market power to other levels of the supply chain b. Vertical contracts that increase the intensity of competition c. Vertical contracts that help consumers d. All of the above