Which Would Decrease a Firm's Demand for a Particular Resource

question 60

Multiple Choice

Which would decrease a firm's demand for a particular resource?

• A) A decrease in the productivity of the resource
• B) A decrease in the price of the particular resource
• C) An increase in the demand for the firm's product
• D) An increase in the price of the product the resource produces

Understand the role of social learning theories in alcohol abuse.

Describe treatment options for substance dependence, including the use of antagonist drugs.

Identify drugs known for their association with date-rape cases.

Explain the use and mechanisms of designer drugs and their impact on health.

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Definitions:

Sherman Act

A key U.S. antitrust law aimed at preventing monopolies and promoting competition among businesses.

DuPont Cellophane Case

The antitrust case brought against DuPont in which the U.S. Supreme Court ruled (in 1956) that while DuPont had a monopoly in the narrowly defined market for cellophane, it did not monopolize the more broadly defined market for flexible packaging materials. It was thus not guilty of violating the Sherman Act.

Microsoft Case

A 2002 antitrust case in which Microsoft was found guilty of violating the Sherman Act by engaging in a series of unlawful activities designed to maintain its monopoly in operating systems for personal computers; as a remedy the company was prohibited from engaging in a set of specific anticompetitive business practices.

DuPont Cellophane Case

A landmark antitrust case in which DuPont was accused of monopolistic practices in the cellophane market, highlighting issues of market dominance and competition.