Chapter 9: Monopoly106.Which of the following prohibits exclusive dealing?
Type: Basic Understanding Page: 211 107.Which of the following was the first to prohibit "conspiracies in restraint of trade"?
Type: Basic Understanding Page: 211 108.The creation of another antitrust agency besides the Justice Department was accomplished through:
Type: Basic Understanding Page: 211 Use the following to answer questions 109-112:Use Table 9.1 to answer the indicated questions. Assume the only aircraft producer can produce up to 4 planes a month with the prices and costs shown in the table.Table 9.1 Hypothetical monopoly costs and revenueOut put ( pl ane s pe r mont h)01234Pr i ce( mi l l i ons per pl ane) - - - - - $9$8$7$Tot al cos t ( mi l l i ons per mont h)$1371220Tot al r evenue( mi l l i ons per mont h)- - - - - _______________109.In Table 9.1, profit maximization is achieved at a production rate of: 6_A)1 plane per month. B) 2 planes per month. C) 3 planes per month. D) 4 planes per month. Answer: C
Type: Analytical Page: 199 110.In Table 9.1, the price at which profit maximization is achieved is:
Type: Analytical Page: 199 Page 18