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13 Cards in this Set
- Front
- Back
- 3rd side (hint)
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market power
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a firm can set price above competition level
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economic regulation
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both govn't control of prices and market entry as well as regulation of mono prices
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what happens when govn't sets prices of a MONO to its marginal cost
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the MONO will incur a loss
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where can the govn't set MONO prices so to insure a fair return
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avg cost
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what was the Sherman Anti-Trust ACT
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a law preventing the intent toward the restraint of trade
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Clayton ACT
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law preventing price descrimination
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rule of reason
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? Why did you do it ?
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Per Sec Illegal
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guilty on the face of the action
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in the US, what percent of smog comes from manufacturing
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15%
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in the US, what percent of smog comes from automobiles
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70%
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how does the US calculate the official poverty level
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3 times the cost of a nutritionally adequate diet
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for a family of 4, what is the official poverty level
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$19,971
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Daunt
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V. Intimidate; frighten.
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Trying to find a needle in a haystack is a daunting task
"Boast all you like of your prowess Mere words cannot daunt me," the hero answered the villain. |
