Market failures are less likely to occur whenever
A) private returns are greater than social returns.
B) social returns are greater than private returns.
C) the free market produces less than what is socially optimal.
D) new firms can easily attract start-up capital.
D
Economics
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Which of the following U.S. antitrust laws prohibits mergers through the acquisition of a firm's assets if the merger would lessen competition?
a. the Sherman Antitrust Act b. the Clayton Act c. the Robinson-Patman Act d. the Celler-Kefauver Anti-Merger Act e. the Federal Trade Commission Act
Economics
Economies of scale is a short-run phenomenon
Indicate whether the statement is true or false
Economics