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Author Question: The Sherman Antitrust Act of 1890 a. immediately reduced the number of trusts and the incidence of ... (Read 66 times)

EAugust

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on: Jun 30, 2018
The Sherman Antitrust Act of 1890
 a. immediately reduced the number of trusts and the incidence of anticompetitive behavior
  b. established the Antitrust Division of the Department of Justice
  c. did not apply to farmers
  d. was not fully enforced at first
  e. prohibited price discrimination

Question 2

Suppose, at its present rate of output, a perfectly competitive firm's marginal revenue exceeds both its marginal cost and its average variable cost. To maximize profit, the firm should
 a. lower the price
  b. raise the price
  c. increase output
  d. reduce output
  e. maintain its current rate of output


isabelt_18

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


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