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3 years ago

In order to obtain a conviction for price fixing under the sherman antitrust act, the government needs to prove:

1 answer:

5 0

In order to obtain a conviction for price fixing under the Sherman Antitrust Act, the government need to prove that:
SECTION 1
1. There is an agreement
2. That the agreement unreasonably restrains competition
3. which affect interstate commerce
SECTION 2
The government has to prove that:
1. There is possession of monopoly power in the relevant market
2. The willful acquisition or maintenance of that power as distinguished from growth or development as a consequence of a superior product, business acumen or historic accident.

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Suppose someone believes that if a per-unit tax is placed on the producers of good Y, the consumers of good Y will end up paying

Alex_Xolod [135]

Answer:

The correct answer is option (B) perfectly inelastic

Explanation:

It is a known facts that anytime tax is imposed on any goods at any given time, the tax falls totally on the consumers provided the elasticity of demand is zero.

Since increase in tax doesn't affect the demand for goods and services, and no matter the increment in price from the supplier, the demand remains the same. Therefore, the demand curve for goods Y is said to be perfectly inelastic.

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3 years ago

This circle graph shows the results of a survey that asked people to identify their favorite type of music. What percent of peop

insens350 [35]

Answer:

answer 45

Explanation:

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3 years ago

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Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired or homemakers; 60

Taya2010 [7]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

90 are retired or homemakers; 60 have full-time employment; 20 have part-time employment; 20 do not have employment, but are actively looking for employment; and 10 would like employment but do not have employment and are not actively looking for employment.

Total labor force= 60 + 20 + 20= 100

Unemployed= 20

Unemployment rate= (20/100)*100= 20%

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3 years ago

What is a normal good? a. A good whose demand increases when income decreases b. A good whose demand decreases when income

4vir4ik [10]

Answer:

. A good whose demand decreases when income decreases

Explanation:

A normal good is a product whose demand increases as consumers' income increases. The demand may also increase as economic conditions in the country improve. Similarly, when income decrease, the demand also declines.

As people income increase, the purchasing power increase. They prefer more costly goods than give them more satisfaction. Increased income tends to make consumers abandon goods that offer less utility. Normal goods tend to be associated with customers in high-income.

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3 years ago

To what degree, if at all, is a significant deficiency related to a material weakness? It is less severe than a material weaknes

Brut [27]

Answer: It is less severe than a material weakness

Explanation:

A SIGNIFICANT DEFICIENCY is described as a deficiency or an amalgamation of deficiencies that are NOT as severe as a MATERIAL WEAKNESS ( which is quite serious and must be reported to the Audit Committee and be reflected in the financial statements) but still important enough for those people in charge of the company's financial records to take notice.

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3 years ago