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 102 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?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Associative Long-Term Potentiation Associative Long-Term Potentiation
Growth of Dendritic Spines After Long-Term Potentiation Growth of Dendritic Spines After Long-Term Potentiation
Long-Range Forecasts Long-Range Forecasts
Apply the substance to the arm with long, smooth strokes, then cover the arm and abdomen with the ... Apply the substance to the arm with long, smooth strokes, then cover the arm and abdomen with the ...
Long division for polynomials Long division for polynomials
Video: Cytotoxic T cell receptors, activation, proliferation, differentiation & action

For a complete list of videos, visit our video library