This topic contains a solution. Click here to go to the answer

Author Question: More than 80 percent of the home heating oil used in the United States goes to the Northeast. In ... (Read 122 times)

Kikoku

  • Hero Member
  • *****
  • Posts: 540
More than 80 percent of the home heating oil used in the United States goes to the Northeast. In Vermont, the vast majority of people there use oil to stay warm when it's cold outside.
 
  Richard Izor heats his home with oil and inquires, I'd like to see them come in and put a ceiling on the oil price now before it gets any higher. Why they haven't done this is more than I can understand. Which of the following is NOT likely to occur if such a price ceiling was imposed? A) There would be a surplus of heating oil.
  B) A heating oil shortage may occur.
  C) A black market for heating oil may be created.
  D) There would be an increase in inefficiency in the heating oil market.

Question 2

Which of the following business practices, if proven to exist, is always illegal under U.S. antitrust law?
 
  A) tying arrangements
  B) price fixing among competitors
  C) exclusive dealing
  D) all of the above



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

T4T

  • Sr. Member
  • ****
  • Posts: 348
Answer to Question 1

A

Answer to Question 2

B




Kikoku

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Wow, this really help


diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
Gracias!

 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

For a complete list of videos, visit our video library