PHI 445 WEEK 3 QUIZ

Apr 17th, 2015
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Grading SummaryThese 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/2011Time Spent:29 min , 25 secsPoints Received:18 / 20 (90%)Question Type:# Of Questions:# Correct:True/False99Multiple Choice119Grade Details1.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:TrueFalseInstructor Explanation:This answer is supported in the text on page 167.Points Received:1 of 1Comments: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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