According to the Text,there Is No Such Thing as a Free

question 110

Multiple Choice

According to the text,there is no such thing as a free lunch because

• A)The producer must charge something to cover the cost of production.
• B)Resources used to produce the lunch could be used to produce other goods and services.
• C)The government must raise taxes to pay for the lunches.
• D)No one would pay for lunch anymore if they could get it for free.

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Definitions:

Sherman Act

A foundational statute in U.S. antitrust law prohibiting monopolistic behaviors and promoting competitive markets.

Tying Contracts

Legal agreements where the sale of one product is conditioned on the purchase of another product.

Clayton Act

A U.S. antitrust law, enacted in 1914, that prohibits certain actions leading to anti-competitiveness, such as price discrimination, exclusive deals, and mergers that significantly lessen competition.

FTC Act

The Federal Trade Commission Act is a piece of legislation, established in 1914, aimed at preventing unfair or deceptive business practices and promoting competition.