Answer the following statement true (T) or false (F)

1) Price-fixing is illegal under Section 1 of the Sherman Act.
2) Monopolization is illegal under Section 1 of the Sherman Act.
3) The U.S. Justice Department, the Federal Trade Commission, state attorneys general, and
injured private parties can independently file charges against firms under the Sherman Act.
4) Anticompetitive mergers are illegal under provisions of the Clayton Act (as amended).

1) T
2) F
3) T
4) T

Economics

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Setting price equal to marginal cost in a natural monopoly will lead to

a. excess profits for the firm. b. losses for the firm. c. zero profits for the firm. d. One cannot tell without further information.

Economics

In order to sell more output units, what must a monopoly do?

A) reduce output price B) reduce input price C) increase output price D) increase input price

Economics