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Author Question: At high wage rates, the labor supply curve bends backward because the ________ effect dominates the ... (Read 80 times)

bucstennis@aim.com

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on: Jun 29, 2018
At high wage rates, the labor supply curve bends backward because the ________ effect dominates the ________ effect.
 
  A) income; price
  B) substitution; income
  C) substitution; price
  D) income; substitution

Question 2

The Sherman Act makes it illegal to
 
  A) increase market share.
  B) merge firms in the same industry.
  C) attempt to monopolize an industry.
  D) price below competitors.


cupcake16

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

D

Answer to Question 2

C


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