Which One of the Following Is Not Correct

question 89

Multiple Choice

Which one of the following is not correct?

• A)In antitrust cases defendants attempt to define the relevant market broadly.
• B)The courts have varied over time in their interpretations of the antitrust statutes.
• C)Antitrust suits can be originated only by the Federal Trade Commission.
• D)In antitrust cases the prosecution attempts to define the relevant market narrowly.

---

Definitions:

Total Revenue

The total income received by a firm from selling its goods or services, calculated as the price per unit times the number of units sold.

Total Revenue

The total amount of money a company generates from the sale of goods or services before any expenses are subtracted.

Demand Elastic

Refers to how sensitive the quantity demanded of a good is to a change in its price; high elasticity indicates consumers will significantly alter their demand in response to price changes.

Price Effect

The impact on the quantity demanded of a good or service resulting from a change in its price, holding all other factors constant.