If a firm has been proven liable for a false ad, it has to:
A. terminate the false ad.
B. compensate more than the damage it has caused.
C. recall any product with the false claim on it.
D. All of the statements associated with this question are correct.
Answer: D
Economics
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Which of the following is one reason for the decline in aggregate demand that led to the recession of 2007-2009?
A) falling oil prices B) increases in housing prices C) a decline in government spending D) the financial crisis
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In a fully contestable market, a monopoly firm's profits are
a. limited to a competitive level b. negative c. higher than a competitive market d. set by a regulatory commission e. not affected by the firm's costs
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