If a country is currently producing inside its production possibilities curve
A) it can increase the production of both goods by putting unemployed resources to work.
B) it can increase the production of one of the goods only if it reduces the production of the other good.
C) it is experiencing efficient production of one good but not the other.
D) None of the above are correct.
A
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When is price fixing among competitors not a violation of the antitrust laws?
A) Price fixing among competitors is always a violation of the antitrust law. B) when a cartel can maximize profit without behaving like a monopoly C) when price fixing leads to a more efficient outcome D) when price fixing does not result in predatory pricing
The positive externality argument in favor of a city seeking a professional sports franchise is
A. that the benefits occur at a different time as the costs. B. there are people in the city that will be happier when the team is in the city even if they do not buy tickets. C. there are people in the city that will be happier when the team is in the city, and they will be the one who buy tickets. D. the jobs created in the area will make it worth the investment.