The best way for a single firm in perfect competition to earn profit is to.
A. Raise its price
b.lower its price
c.keep its costs low
d. Advertise its products
Government antitrust activity tries to prohibit all businesses that monopolize market
Many people believe monopolies are prevented from abusing consumers by
a. Their own sense of community duty
b. consumers not purchasing their products because of their high prices
c. a fear that if they abuse consumers they will be punished by the government
d. their inability to both charge high prices and maintain monopoly power