Author Question: If firms accused of antitrust violations sign a consent decree, they have a. admitted guilt and ... (Read 71 times)

rmenurse · **on:** Jun 30, 2018

If firms accused of antitrust violations sign a consent decree, they have
a. admitted guilt and accept the lawful penalties
b. admitted guilt, but are relieved of any penalties by agreeing to cease the violations
c. agreed to cease the alleged wrongdoing, without admitting guilt
d. denied the accusation and requested a formal hearing or trial
e. denied the accusation and given proof that it is untrue

Question 2

The motivating force behind an increase in supply in a long-run adjustment to equilibrium is
a. lower prices
b. economic profits that are present in the short run
c. higher profit expectations among owners of firms in the industry, triggered by increased prices
d. normal profits witnessed by individuals outside the industry that trigger entry
e. the decreases in average cost that can be obtained through economies of scale