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PHI 445 WEEK 3 QUIZ

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Type
Exam Practice
Rating
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Grading Summary
These are the automatically
computed results of your exam.
Grades for essay questions, and
comments from your instructor, are
in the "Details" section below.
Date Taken: XX/XX/2011
Time Spent: 29 min , 25 secs
Points Received: 18 / 20 (90%)
Question Type: # Of Questions: # Correct:
True/False 9 9
Multiple Choice 11 9
Grade Details

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1. Question :
In a perfectly free economy, all buyers and sellers are utility
maximizers: Each tries to get as much as possible for as little as
possible.
Student
Answer:
True
False
Instructor
Explanation:
This answer is supported in the text on page 167.
Points Received: 1 of 1
Comments:
2. Question :
Proponents of the Antitrust view argue that prices and profits in
highly concentrated industries are higher than they should be. By
breaking up large corporations into smaller units, they claim,
higher levels of competition will emerge in those industries.
Student
Answer:
True
False
Instructor
Explanation:
This answer is supported in the text on pages 190-192.
Points Received: 1 of 1
Comments:
3. Question :
When a company sells a buyer certain goods only on condition
that the buyer also purchases other goods from the firm, this is
known as:
Student Answer: Manipulation of supply.

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Grading Summary These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: XX/XX/2011 Time Spent: 29 min , 25 secs Points Received: 18 / 20 ?(90%) Question Type: # Of Questions: # Correct: True/False 9 9 Multiple Choice 11 9 Grade Details ?1. Question : In a perfectly free economy, all buyers and sellers are utility maximizers: Each tries to get as much as possible for as little as possible. ? Student Answer: ?True ? ?False ? Instructor Explanation: This answer is supported in the text on page 167. ? Points Received: 1 of 1 ? Comments: ?2. Question : Proponents of the Antitrust view argue that prices and profits in highly concentrated industries are higher than they should be. By breaking up large corporations into smaller units, they claim, higher levels of comp ...
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