Answer:
The correct answer is the following: "was used by the federal government against labor unions and was indifferently enforced and weakened by the Courts".
Explanation:
The Sherman Antitrust Act, published on July 2, 1890, was the first measure of the US federal government to limit monopolies. The act declared the trust illegal, considering them restrictive for international trade. It was created by US Ohio Senator John Sherman, and approved by President Benjamin Harrison.
This law prohibits certain business activities that the federal government declares as acts of anti-competition and requires investigation to pursue large companies with power in the market.
It aims to prevent the artificial increase in prices by restricting the exchange or the material. The innocent monopoly is perfectly legal but acts by a monopolist to artificially preserve that status or vile contracts to create a monopoly, they are not. The purpose of the Sherman Act is not to protect competitors from damage by legitimacy.
Answer:
A) are so many buyers and so many sellers that each has a negligible impact on the price of the product.
Explanation:
A competitive market or a perfect competition market is characterized by having many suppliers and many consumers, and the products and services offered are similar and substitute to each other. This results in every seller and every consumer being a price taker, since no seller or consumer is large enough to influence the equilibrium price.
Answer:
Environmental law.
Explanation:
If a computer store dumps waste behind its building in violation of local, state, or federal environmental regulations, the resulting dispute focuses on environmental law.
Environmental law is the collection of laws, regulations, agreements and common law that governs <u>how humans interact with their environment</u>. Environmental laws not only aim to <u>protect the environment from harm</u>, but they also determine who can use natural resources and on what terms.
<u>Environmental law covers Waste Management – Municipal waste, hazardous substances and nuclear waste all fall in the category of waste management.</u>
Answer:
b. tax creates a wedge between the price buyers effectively pay and the price sellers receive.
Explanation:
The effect of a tax on buyers is to distort the market outcome: instead of the economic efficiency maximization that results in a trasanction under the equilibrium price, in abscence of tax, and in the free market, the tax places a higher burden on buyers, causing them to pay a higher price for the good.
The difference between the higher price, and the price in the abscence of the tax, is the tax revenue, which the government takes, not the seller.
For this reason, the tax places a wedge between the price the buyers pay, and the price sellers receive, because now the transaction does not represent a net gain for the same amount for both sellers and buyers, but the government takes part of the revenue (the wedge).
Answer:
$1,768,680
Explanation:
Given that:
- Number of units: 280
- Price per unit: $729
- The monthly interest rate: 0.5 % = 0.005
- Number of additional units: 40
- The variable cost per unit: $480
The net present value of the proposed credit policy switch as the following formula:
NPV = -[Number of units*price/unit) + (Number of additional units*Variable cost/unit) + (price/unit - Variable cost/unit)*Number of additional units] / Rate
NPV = - [($729*280) + ($480*40)] + [($729 - $480) 40]/0.005 = $1,768,680
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