Author Question: An important difference between a perfectly competitive firm and a monopolist is that a. the ... (Read 38 times)

Jramos095 · **on:** Jun 30, 2018

An important difference between a perfectly competitive firm and a monopolist is that
a. the perfectly competitive firm tends to be larger
b. only the monopolist attempts to maximize profit
c. only the perfectly competitive firm maximizes profit
d. the perfectly competitive firm faces a horizontal demand curve and the monopolist faces a downward-sloping demand curve
e. only the monopolist maximizes profit at the quantity where marginal cost equals marginal revenue

Question 2

Which of the following practices is not prohibited by the Clayton Act?
a. merger through the acquisition of assets, which substantially lessens competition
b. price discrimination that substantially lessens competition
c. tying contracts that substantially lessen competition
d. exclusive dealing that substantially lessens competition
e. interlocking directorates that substantially lessen competition