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Author Question: Relative to a perfectly competitive market, as long as the monopolist does not benefit from ... (Read 62 times)

melina_rosy

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on: Jun 30, 2018
Relative to a perfectly competitive market, as long as the monopolist does not benefit from substantial economies of scale,
 a. price and quantity are higher under monopoly
  b. price and quantity are lower under monopoly
  c. quantity is higher and price is lower under monopoly
  d. quantity is lower and price is higher under monopoly
  e. there are no differences in price and quantity

Question 2

What act of Congress declared restraint of trade illegal and declared any attempt at monopolizing unlawful?
 a. the Celler-Kefauver Anti-Merger Act
  b. the Sherman Antitrust Act
  c. the Clayton Act
  d. the Wheeler-Lea Act
  e. the Clayton-Celler Act


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lauravaras

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

D

Answer to Question 2

B


melina_rosy

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Reply #2 on: Jun 30, 2018
Thank you


lauravaras

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Reply #3 on: Jun 30, 2018
No problemo


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