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Author Question: What is the Antitrust Division of the Department of Justice? What will be an ideal ... (Read 101 times)

jparksx

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on: Jun 29, 2018
What is the Antitrust Division of the Department of Justice?
 
  What will be an ideal response?

Question 2

Use a supply and demand graph to explain why the rent on land is demand determined.
 
  What will be an ideal response?


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Kimmy

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The Antitrust Division of the Justice Department is one of two federal agencies empowered to act against those in violation of antitrust laws. It initiates action against those who violate antitrust laws and decides which cases to prosecute and against whom to bring criminal charges.

Answer to Question 2

The equilibrium rent is determined by the placement of the demand curve. When demand is D1, the equilibrium rent is R1 . When demand rises to D2, the equilibrium rent rises to R2 . The supply of land is perfectly inelastic.


jparksx

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Reply #2 on: Jun 29, 2018
Correct answers!


Kimmy

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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