MrBlue and Mr

question 19

Multiple Choice

Mr.Blue and Mr.Yellow own all of the casinos in Delta City.Mr.Green wants to open a casino in Delta City but finds it too difficult to break into the market.Mr.Green sues Mr.Blue and Mr.Yellow for antitrust violation under the Clayton Act.What is the likely reason for the case being dismissed?

• A)The Clayton Act does not deal with antitrust issues associated with real estate,services,or intangibles.
• B)The Clayton Act does not permit a plaintiff to sue two defendants.
• C)Gambling is a vice and as such cannot be litigated in the court system.
• D)The common law dictates that businesses cannot sue after failing to establish themselves in the commercial market.

Differentiate among various developmental theories and their explanations of learning in infancy.

Understand the impact of elasticity on deadweight loss.

Analyze the effects of excise taxes on consumer and producer surplus.

Identify goods with the least and most deadweight loss due to taxation.

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Definitions:

Posting Reference Columns

Columns in a journal entry that help in transferring information to, and tracking from, the corresponding ledger accounts for audit trail purposes.

Ledger

A comprehensive collection of a company’s final financial accounts, including assets, liabilities, equity, revenue, and expenses.

Journal

A detailed record where all financial transactions of a business are initially recorded, listed in chronological order.

Chart of Accounts

A systematic list of accounts that a company uses for the organization of its financial transactions and to prepare financial statements.