This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Relative to a perfectly competitive market, as long as the monopolist does not benefit from ... (Read 101 times)

melina_rosy

  • Hero Member
  • *****
  • Posts: 531
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lauravaras

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


melina_rosy

  • Hero Member
  • *****
  • Posts: 531
Reply #2 on: Jun 30, 2018
Thank you


lauravaras

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Relative sizes of the sporophyte and gametophyte generations of bryophytes, ferns, and seed plants. Relative sizes of the sporophyte and gametophyte generations of bryophytes, ferns, and seed plants.
Testing the effects of long-term fertilizing on inter-actions between mycorrhizal fungi and plants o Testing the effects of long-term fertilizing on inter-actions between mycorrhizal fungi and plants o
Gross Anatomy of a Long Bone Gross Anatomy of a Long Bone
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Older Adults Benefit from Good Nutrition and Physical Activity Older adults Older Adults Benefit from Good Nutrition and Physical Activity Older adults
Video: Nerve Impulse Transmission Animation

For a complete list of videos, visit our video library