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

Author Question: More than 80 percent of the home heating oil used in the United States goes to the Northeast. In ... (Read 133 times)

Kikoku

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Kikoku

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
:D TYSM

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Zebras are several species of African equids (horse family) united by their distinctive black and wh Zebras are several species of African equids (horse family) united by their distinctive black and wh
The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
Is the self the same as the brain? Materialists contend that in the final analysis, mental states ... Is the self the same as the brain? Materialists contend that in the final analysis, mental states ...
One of the cultural privileges of being white in the United States is less suspicion of wrongdoing. One of the cultural privileges of being white in the United States is less suspicion of wrongdoing.
Heating of the atmosphere Heating of the atmosphere
The constitutional division of Powers Between the National Government and the States The constitutional division of Powers Between the National Government and the States
Video: Pressure Flow Model Animation

For a complete list of videos, visit our video library