Author Question: Antitrust policy is designed to a. improve health and safety in products and in working conditions ... (Read 48 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
Antitrust policy is designed to
 a. improve health and safety in products and in working conditions
  b. regulate the firms in industries where cut-throat competition is potentially damaging
  c. create monopolies by forcing competitive firms to merge
  d. control price and output in industries where monopoly is desirable
  e. promote competition and reduce anticompetitive behavior

Question 2

A perfectly competitive firm finds that: Average total cost is 25; Average variable cost is 15; Marginal cost is 20 and increasing; Price of the product is 22. This firm should
 a. produce more output
  b. raise the price of its product
  c. reduce production without shutting down
  d. shut down (reduce output to zero)
  e. do nothing (it is currently maximizing profit)



Tonyam972

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

E

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

For a complete list of videos, visit our video library